Which Is One of the Criteria That Needs to Exist

question 97

Multiple Choice

Which is one of the criteria that needs to exist in order for "other governmental funds" to be considered major?

• A) Total assets and liabilities of that individual government fund are at least 10% of the corresponding total for all governmental funds.
• B) Total assets, liabilities, revenues or expenditures of the individual governmental fund are at least 10% of the corresponding total for all governmental and enterprise funds combined.
• C) Total assets, liabilities, revenues, or expenditures of the individual governmental fund are at least 5% of the corresponding total for all governmental and enterprise funds combined.
• D) Total assets, liabilities, revenues, and expenditures of that individual government fund are at least 10% of the corresponding total for all governmental funds.

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