Funds other than the General Fund must be considered major 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 major 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 Major