Use the Following Information to Determine Whether the Development Special

question 45

Multiple Choice

Use the following information to determine whether the Development Special Revenue and the Debt Service Funds should be reported as major funds based on asset amounts provided. $\begin{array}{llr}\text { Development Special Revenue Fund Assets } & \$ & 740,000 \\ \text { Debt Service Fund Assets } & \$ & 150,000 \\ \text { Total Governmental Fund Assets } & \$ &7,500,000 \\ \text { Total Governmental Fund and Enterprise Fund Assets } & \$ &8,750,000\end{array}$
 

• A) The Development Special Revenue Fund should be reported as major.
• B) The Debt Service Fund should be reported as major.
• C) Both the Development Special Revenue Fund and the Debt Service Fund should be reported as major.
• D) Neither the Development Special Revenue Fund nor the Debt Service Fund should be reported as major.

Know how to manage worksheet views and printing options to optimize for viewing and printing.

Apply knowledge of Excel's Clipboard and paste options to efficiently copy, cut, paste, and manage cell contents.

Identify the impacts of inserting, deleting, and moving cells on workbook structure and formula references.

Utilize Excel's formula and function features to automate calculations in worksheets.

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Definitions:

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working conditions, wages, and other employment terms.

Flextime

A flexible work schedule that allows employees to vary their arrival and departure times, often to accommodate personal needs and improve work-life balance.

Scheduling System

A system used to organize, coordinate, and allocate time and resources effectively for tasks or events.