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Which of the Following Must Be Reported as a Major

Question 46

Multiple Choice

Which of the following must be reported as a major fund?


A) The General Fund.
B) A fund having total assets,liabilities,revenues,or expenditures/expenses equaling at least 10 percent of the total governmental or enterprise fund amount for the same element (assets,liabilities,and so forth) ,as applicable,and at least 5 percent of the combined governmental and enterprise fund total amount for the same element.
C) Both a and b.
D) Neither a nor b.

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