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Which of the Following Is not Correct with Respect to Major

Question 109

Multiple Choice

Which of the following is not correct with respect to major enterprise funds?


A) Any funds not reported separately are aggregated and reported in a single column under the label nonmajor funds.
B) A government may designate any fund as a major fund if reporting that fund separately would be useful.
C) The general fund is not classified as a major fund if it does not meet the 10% and 5% tests for a major fund.
D) If the reporting government is preparing a complete CAFR, a schedule showing the detail of nonmajor funds is provided in the other supplementary information section.

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