With regard to combining statements, which of the following statements is true?
A) Combining statements for nonmajor governmental funds are optional.
B) Combining statements for nonmajor governmental funds are required.
C) Combining statements for nonmajor internal service funds are optional.
D) Combining statements for all internal service funds are optional.

Question

Quizplus · Accepted Answer

Combining statements for nonmajor governmental funds are optional, as they are not required by GAAP but can be included for additional detail and clarity.

With Regard to Combining Statements, Which of the Following Statements