Funds Other Than the General Fund Must Be Considered a Major

Multiple Choice

Funds other than the General Fund must be considered a major fund 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.