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
Correct Answer:

Verified
Correct Answer:
Verified
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