A complete CAFR presents _____ statements to reflect its nonmajor funds whenever a nonmajor column is used in one of the fund statements.

Fill in the blank(s) with the appropriate word(s).

Answer: combining

Business

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A contract in which the seller agrees to sell all of its production to a single buyer is known as an "output contract."

a. true b. false

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A major disadvantage of a corporation is that it must pay income taxes

a. True b. False Indicate whether the statement is true or false

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