9. When calculating if a fund is a major fund: A. The general fund must meet the 10% / 5% calculation. B. The calculation applies only to governmental funds. C. The calculation is never performed on the general fund. D. only governmental and proprietary funds are subject to the 10% / 5% calculation. 13. For the year ending July 31, the following budget was adopted for Cornweld, IN: S30,000,000 27,000,000 900,000 Estimated revenues Appropriations Estimated transfer to debt service fund When Cornweld's budget is adopted and recorded, its budgetary fund balance should have a: A. $3,000,000 credit balance B. $3,000,000 debit balance. C. $2,100,000 credit balance. D. $2,100,000 debit balance. 12. For a fund to be considered a major fund and have separate columnar reporting, it requires: A. That at least two of the four elements meet the 10% and 5% test. B. That a fund element meet only the 10% of all governmental funds test. C. That a fund element meet the 10% of all governmental and enterprise fund test. D. That a fund element meet the 10% of all governmental and 5% ofgovernmental and enterprise funds combined. 10. Albany, NY received a $15,000,000 federal grant to finance the construction of a center for rehabilitation of drug addicts. The proceeds of this grant should be accounted for in the A. Special revenues fund. B. Enterprise fund C. General fund. D. Capital projects fund