Assume That a Government Has Three Nonmajor Enterprise Funds

question 35

Multiple Choice

Assume that a government has three nonmajor Enterprise Funds. Which of the following statements regarding the reporting requirements in a CAFR is false?

• A) Nonmajor funds are not reported on an Enterprise Fund statement of cash flows.
• B) Even if the funds are nonmajor, the government may choose to declare them as major funds and report each in a separate column on the appropriate fund statements.
• C) The CAFR must include combining financial statements for any nonmajor fund columns that include more than one fund.
• D) Nonmajor funds are reported in the aggregate on all proprietary fund financial statements.

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Definitions:

Human-Machine Interface

The user interface in industrial control systems that allows humans to interact, monitor, and communicate with machinery and processes.

Actuators

Devices that convert electrical signals into physical movement or action, often used in industrial machinery to move or control mechanisms.

Sensors

Devices that detect and respond to some type of input from the physical environment, such as temperature, light, pressure, etc.

Electric Brake

A device that uses electrical energy to apply mechanical resistance for slowing or stopping motion.