Question: Using Illustrations 18-9, 18-10, 18-13, and 18-14, determine which of Model City's funds qualify as major funds using the percentage cutoffs. Calculate aggregate amounts for

Using Illustrations 18-9, 18-10, 18-13, and 18-14, determine which of Model City's funds qualify as major funds using the percentage cutoffs. Calculate aggregate amounts for all other non-major funds, and indicate how they would be presented.

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Assets of of Liabilities Revenues Expenditures Government fund Gov Total 1 General Fund 347000 15 3 ... View full answer

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