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.

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.

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.

Prior to Closing the Accounts at the End of the Most