Which of the Following Statements Is True Regarding the Inclusion

question 27

Multiple Choice

Which of the following statements is true regarding the inclusion of individual non-major funds in the fund-level financial statements?

• A)Individual non-major internal service funds are reported in the fund-level financial statements if a government makes a special election to report them
• B)Individual non-major funds must always be reported in the fund-level financial statements.
• C)Individual non-major funds must be reported in the fund-level financial statements if,in total,they are more than 50 percent of the total assets or liabilities of the fund category.
• D)Individual non-major funds may be reported as "major funds" in the fund-level financial statement if governmental officials believe it is important to financial statement users.

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Definitions:

Disableism

Discrimination or prejudice against individuals with disabilities.

Disability Reaction

This term refers to the societal and individual responses and attitudes toward disabilities, encompassing a range of actions from accommodation and support to discrimination and exclusion.

Seniors

Elderly individuals, often defined as people who are 65 years of age or older, who may experience varying levels of dependency, health issues, and societal roles.

Health Care Facilities

Institutions providing patient treatment with specialized medical and nursing staff and medical equipment.