Prior to closing the accounts at the end of the most recent fiscal year,the Town of Sonora reports the following amounts (in thousands):
Required:
Applying the criteria specified in GASB 34,determine which of the above funds should be classified as major funds for reporting purposes.

Problem 81 (continued):

Question

Prior to closing the accounts at the end of the most recent fiscal year,the Town of Sonora reports the following amounts (in thousands):
Required:
Applying the criteria specified in GASB 34,determine which of the above funds should be classified as major funds for reporting purposes.
  
Problem 81 (continued):

Quizplus · Accepted Answer

The Answer of Prior to closing the accounts at the end of the most recent fiscal year,the Town of Sonora reports the following amounts (in thousands):
Required:
Applying the criteria specified in GASB 34,determine which of the above funds should be classified as major funds for reporting purposes.
  
Problem 81 (continued):

Prior to Closing the Accounts at the End of the Most