Question: Which statement regarding capital projects funds is correct? Multiple choice question. Each capital projects fund that meets the definition of a major fund must be

Which statement regarding capital projects funds is correct?

Multiple choice question.

Each capital projects fund that meets the definition of a major fund must be reported in a separate column of the balance sheet.

The combining financial statements in the supplementary information provided for nonmajor funds shows the nonmajor funds reported in one column.

Combining financial statements for nonmajor funds generally are a part of the auditor's examination.

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