Which of the Following Is Not True Regarding Combining Fund

question 16

Multiple Choice

Which of the following is not true regarding combining fund statements?

• A) Combining statements are part of other supplementary information.
• B) All non-major funds are included in the combining statements.
• C) Combining statements for non-major funds are required for governmental funds only.
• D) The total column in the combining statements is equal to the non-major funds column in the basic financial statements.

---

Definitions:

Psychological Intimacy

Emotional and psychological closeness to other team or group members.

Emotional and Psychological

Pertaining to the feelings, thoughts, and mental processes of an individual.

Group Members

Individuals who belong to a specific group and contribute towards the collective goals and dynamics of the group.

Social Loafing

The tendency for individuals to exert less effort when working in a group than when working alone.