Which of the Following Is True Regarding the Governmental Fund

question 139

Multiple Choice

Which of the following is true regarding the governmental fund financial statements?

• A) The General Fund is always a major fund and other governmental funds are considered major if total assets, liabilities, revenues, or expenditures are at least 10 percent of the corresponding totals of governmental funds and 5 percent of the corresponding totals for governmental and enterprise funds combined.
• B) Nonmajor funds are reported in aggregate in a discrete column.
• C) Both of the above are true.
• D) Neither of the above is true.

Identify the significance of parental communication and involvement in children's lives as they approach adolescence.

Recognize the components of high-quality after-school programs.

Understand the long-term effects of physical punishment and alternative discipline strategies.

Acknowledge the challenges and outcomes associated with poverty on children's development.

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