With Respect to the Preparation of Fund Basis Financial Statements

question 55

Multiple Choice

With respect to the preparation of fund basis financial statements, governmental funds other than the General Fund are considered to be major when which of the following conditions exist?

• A) With respect to fund basis financial statements, governmental funds are considered to be a major fund when total assets, liabilities, revenues, or expenditures of that individual governmental fund constitutes 10% of the total for the governmental fund category.
• B) With respect to fund basis financial statements, governmental funds are considered to be a major fund when total assets, liabilities, revenues, or expenditures of that individual governmental or enterprise fund are 5% of the total of the governmental and enterprise categories, combined.
• C) Both A and B are required for a governmental fund to be a major fund.
• D) Either A or B would fulfill the requirements.

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Definitions:

Suprapubic Catheter

Catheter surgically inserted through abdomen into bladder.

Prostatectomy

Surgical removal of all or parts of the prostate gland, often performed to treat prostate cancer or an enlarged prostate.

Urethral Stricture

A narrowing of the urethra, which can cause reduced urine flow and lead to complications, often resulting from inflammation or injury.

Antimuscarinic

Referring to substances or drugs that block the action of acetylcholine at muscarinic receptors, commonly used to treat a variety of conditions including overactive bladder and chronic obstructive pulmonary disease (COPD).