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GASB 34 Specifies Two Criteria for Determining Major Governmental Funds

question 51

Multiple Choice

GASB 34 specifies two criteria for determining major governmental funds to be reported separately in the Governmental Fund Balance Sheet and Statement of Revenues,Expenditures,and Changes in Fund Balances.To be considered a major governmental fund,a fund must:

Recognize the importance of internal and external forces in organizational change.
Understand the significance of the patient's or individual's belief in the success of change.
Identify the stages in Rogers's five-stage diffusion of innovations model.
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