Accrued expenses represent a spontaneous form of financing

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Indicate whether the statement is true or false

Which of the following statements is false?

A. Governments that do not prepare a CAFR are not required to prepare a Management's Discussion and Analysis. B. The Governmental Accounting Standards Board has established requirements for the statistical section of a CAFR. C. Governments have some latitude in selecting major funds to be reported in the CAFR. D. Governments are allowed to have additional information in their statistical section that is not required information.