Question
56. At June 30, 2015, total assets for the various funds of a local municipality were as follows: General Fund GF $100,000 Cap. Projects Fund
56. At June 30, 2015, total assets for the various funds of a local municipality were as follows:
General Fund GF $100,000
Cap. Projects Fund (CPF) 1,800,000
Debt Service Fund (DSF) 400,000
Enterprise Fund (EF) 100,000
Applying GASB 34 criteria, which of the above are major funds for reporting purposes?
a. GF, CPF, DSF, EF
b. CPF, DSF
c. CPF, DSF, EF
d. GF, CPF, DSF
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
