Question: A capital projects fund must be reported as major when meeting which of the following criteria? A . Total assets of that fund are 5

A capital projects fund must be reported as major when meeting which of the following criteria?
A. Total assets of that fund are 5% of the total assets of all governmental funds and 2% of the total assets of all governmental and enterprise funds combined B. Total expenditures of that fund are 10% of the total expenditures of all governmental funds and 2% of the total expenditures of all governmental and enterprise funds combined C. Total liabilities of that fund are 10% of the total liabilities of all governmental funds and 5% of the total liabilities of all governmental and enterprise funds combined D. Total revenues of that fund are 6% of the total revenues of all governmental funds and 3% of the total revenues of all governmental and enterprise funds combined

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