Under GASB standards, where are nonmajor funds reported?
A) In the management's discussion and analysis preceding the financial statements.
B) In aggregate amounts in a single column in the fund financial statements.
C) In a note disclosure following the financial statements.
D) In the government-wide financial statements.

Question

Quizplus · Accepted Answer

Nonmajor funds are reported in aggregate amounts in a single column in the fund financial statements, as per GASB standards.

Under GASB Standards, Where Are Nonmajor Funds Reported