menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 2: Overview of Financial Reporting for State and Local Governments
  5. Question
    A Government May Designate Any Fund to Be a Major
Solved

A Government May Designate Any Fund to Be a Major

Question 50

Question 50

True/False

A government may designate any fund to be a major fund if reporting the fund separately would be useful.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: In addition to the government-wide statements, governments

Q5: With respect to fund basis financial statements,

Q48: Which of the following is true regarding

Q49: Which of the following is true regarding

Q52: Governmental fund statements are prepared using the

Q54: Governmental fund financial statements include the Balance

Q55: The following water and sewer information is

Q107: Combining statements are required whenever a non-major

Q124: Prior-year data is required for government-wide financial

Q143: The Government-wide financial statements include a separate

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines