Quiz 13: Financial Reportingthe Basic Financial Statements and Required Supplementary Information

Business

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img img The threshold for determining that a governmental fund other than the General Fund is a major fund is $630 (the larger of $360 and $630). The threshold for determining that an Enterprise Fund is a major fund is $900 (the larger of $900 and $630). Therefore, the major funds are those shown in the chart below. img

A