Which of the Following Must Be Reported as a Major

question 46

Multiple Choice

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

• A) The General Fund.
• B) A fund having total assets,liabilities,revenues,or expenditures/expenses equaling at least 10 percent of the total governmental or enterprise fund amount for the same element (assets,liabilities,and so forth),as applicable,and at least 5 percent of the combined governmental and enterprise fund total amount for the same element.
• C) Both a and b.
• D) Neither a nor b.

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Definitions:

Activation

The process of enabling the full functionality of software or a service, often involving entering a license key or connecting to an activation server.

Registration

The process of enrolling or signing up for services, events, websites, or software, often requiring user information and agreement to terms.

Upgrading

Upgrading involves updating or enhancing a system or software version to add features or improve performance.

Crash

An unexpected failure of a computer program, causing it to close suddenly or stop functioning properly.