Choice "C" is correct. The CAFR is divided into an introductory section, which includes a title page and table of contents, a section for the Basic financial statements and the required supplementary information (including the Management's Discussion and Analysis) and a section for statistical data (10 years of revenue by type, expenses by type, assessed property values, etc.).Choice "b" is incorrect. Management's Discussion and Analysis, Basic Financial Statements and Required Supplementary Information define the reporting standards required by GASB #34.Choice "a" is incorrect. The components of the CAFR included an introductory section, a statistical section and a section that included the Basic financial statements and required supplementary information.
Choice "d" is incorrect. Financial statement titles described by GASB 34 reporting standards exclude the terms General Purposes Financial Statements.