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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Funds Other Than the General Fund Must Be Considered a Major