Which of the Following Is One of the Criteria to Determine

Multiple Choice

Which of the following is one of the criteria to determine if a fund is considered to be a major fund?

A) Total assets, liabilities, revenues or expenditures of the individual governmental fund constitutes 10 percent of the governmental funds category.
B) Total assets, liabilities, revenues or expenditures/expenses are 5 percent of the total of the governmental and enterprise category. Other funds may be designated major funds at the discretion of management.
C) Both A and B are required
D) Either A or B will qualify a fund to be a major fund