Which of the Following Is True with Respect to the General

question 114

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 never considered to be a major fund when preparing fund basis financial statements.
• D) The General Fund is not reported as part of the CAFR.

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Definitions:

Careful Organization

The meticulous arrangement and structuring of elements to ensure coherence and effectiveness.

Major Supporting Points

Fundamental ideas or arguments that provide the backbone for a thesis or main idea in a piece of writing or speech.

Evidence And Examples

Evidence and examples are used to support claims, theories, or arguments by providing tangible or illustrative materials that help clarify and substantiate one's points.

Visual Aid

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