Which of the Following Is True with Respect to the General

question 83

Multiple Choice

Which of the following is true with respect to the General Fund

• A) The General Fund is considered to be a major fund if the combined total of assets, liabilities, revenues and expenses exceeds 10% of the total of all governmental funds
• B) The General Fund is always considered to be a major fund when preparing fund basis financial statements.
• C) The General Fund is considered to be a major fund when preparing fund basis financial statements if it bears a financial benefit or burden to the primary government.
• D) The General Fund is not reported as part of the CAFR.

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Definitions:

Extra-Large Accounts

Extra-Large Accounts refer to customer accounts that represent a significantly high volume of sales or revenue for a company, often requiring special management and strategies.

Daily Mileage

The amount of miles traveled or covered in a day, often used in contexts like transportation, travel, or fitness tracking.

Routing

The process of determining the best path for data to travel across a network.

Global Positioning Systems

A network of satellites providing location and time information anywhere on Earth where there is an unobstructed line of sight to four or more GPS satellites.