Multiple Choice
In reviewing their governmental funds, a local municipality determines that three of the funds (including the General Fund) are considered major funds and the remaining six governmental funds are nonmajor. However, management prefers to report all of its governmental funds as major funds. What is the maximum number of fund columns that could be presented on the governmental fund balance sheet?
A) 3.
B) 4.
C) 6.
D) 9.
Correct Answer:
Verified
Correct Answer:
Verified
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