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Government-Wide Financial Statement

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Citizens are obligated to pay taxes to enable the government to provide them with a number of services. The government then makes use of financial statements to show the accountability that exist in its utilization of taxes paid to deliver services to tax payers, who are the citizens for this case. Government-Wide Financial Statements give detailed information about the government activities, business-type activities and component units which are discretely presented. The government activities include basic services that are offered by the government such as public safety, health, education and natural resources. Most of the taxes paid by citizens are used to finance these activities. Business-type activities comprise of those operations which
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