Which of the Following Governmental Funds Must Be Reported as a Major

question 58

Multiple Choice

Which of the following governmental funds must be reported as a major fund?

• A) The General Fund.
• B) Any fund with total assets, liabilities, revenues, or expenditures that are 10% or more of the General Fund and 5% or more of total General Fund and Business-type Activities.
• C) The government may opt to include or exclude any fund it choses as a major fund.
• D) Only the General Fund and special revenue funds that meet the 10% and 5% size criteria.

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Definitions:

Missionary Salespeople

Sales representatives who promote their company's products indirectly, often by educating potential buyers about the benefits.

Sales Engineers

Professionals who combine technical knowledge with sales skills to provide advice and support on a range of products.

Selling Process

A series of steps taken by a salesperson to identify prospective buyers, communicate benefits, and facilitate a purchasing decision to close a sale.

Basic Techniques

Fundamental methods or procedures used in a particular field of activity or practice.