Assume That a Governmental Entity Has, in Addition to the General

question 31

Multiple Choice

Assume that a governmental entity has, in addition to the General Fund, four other governmental funds. Upon applying the quantitative criteria to determine the minimum requirements for major fund reporting it is determined that two of those four funds meet the criteria. At a minimum, the governmental entity will report how many major funds?

• A) One (1).
• B) Two (2).
• C) Three (3).
• D) Four (4).

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