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Assume that the city of Troy's governmental funds have total expenditures and revenues of $10 million, total assets of $5 million, and total liabilities of

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Assume that the city of Troy's governmental funds have total expenditures and revenues of $10 million, total assets of $5 million, and total liabilities of $20 million. Its proprietary funds have total expenses and revenues of $3 million, and total assets and liabilities of $1 million. Which of the following would be a minor fund? A special revenue fund with $100,000 in assets, $50,000 in liabilities, revenues of $2 million, and expenditures of $2 million A debt service fund with zero revenues, expenditures of $900,000, assets of $5,000, and zero liabilities An enterprise fund with revenues and expenses of $800,000, assets of $300,000, and liabilities of $1 million An enterprise fund with revenues and expenses of $300,000, assets of $750,000, and liabilities of $800,000

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