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Funds Other Than the General Fund Must Be Considered Major

Question 52

Multiple Choice

Funds other than the General Fund must be considered major when


A) Total assets, liabilities, revenues or expenditures/expenses of that fund constitute 10 percent of either the governmental or enterprise category
B) Total assets, liabilities, revenues or expenditures/expenses of that fund are 5 percent of the total of the governmental and enterprise category
C) Conditions of either A or B exist
D) Conditions of both A and B exist

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