Problem
Look at the city of grand rapids CARF, ended juce 2016 and answer the following question:Which financial statements are included in the General Purpose Financial Statements? Do they agree with the statements discussed in class and in the text? Does the reporting entity report information from Component Units? Is that information "blended" or "presented discretely"? What types of activities are conducted by the Component Units? What is GASB 61 and does the MD&A make mention of this GASB?