Question: Name the columns used in the Major Funds Statement Format. ( Worth 4 Points ) How are Major Funds identified by a government? ( Worth

Name the columns used in the Major Funds Statement Format. (Worth 4 Points)
How are Major Funds identified by a government? (Worth 3 Points)
Major funds are funds whose revenues, expenditures/expenses, assets, or liabilities (excluding extraordinary items) are at least 10 percent of corresponding totals for all governmental or enterprise funds and at least 5 percent of the aggregate amount for all governmental and enterprise funds.
In the Sample City Financial Statement illustrations, what are the Major Governmental Funds, not including the General Fund? (Worth 3 Points)
Using the same Sample City Financial Statements, what are the Major Enterprise Funds? (Worth 2 Points)
The Government-Wide Financial Statements must clearly distinguish and report what type of activities? (Worth 4 points)

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