Which of the following statements is true concerning major fund reporting? a. Major fund reporting is required

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Which of the following statements is true concerning major fund reporting?

a. Major fund reporting is required for governmental funds and enterprise funds.

b. The quantitative criteria for identifying major funds must be met for a fund to be reported as a major fund.

c. Major fund reporting is required for governmental and proprietary funds.

d. Fiduciary funds must be reported by major fund.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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