Business
Business, 09.10.2019 21:10, ysbchrishoncho

Governmental funds, other than the general fund, are considered major if:
1.total assets, liabilities, revenues, or expenditures of that individual governmental fund are at least 10% of the corresponding total (assets, liabilities, and so forth) for all governmental funds.
2. total assets, liabilities, revenues, or expenditures of the individual governmental fund are at least 5% of the corresponding total for all governmental and enterprise funds combined.
a. i only
b. ii only
c. both i and ii
d. either i or ii, but need not be both

answer
Answers: 3

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Governmental funds, other than the general fund, are considered major if:
1.total assets, li...

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