Major funds are emphasized in governmental accounting. For each item, select from the option list provided the most appropriate application of major fund reporting.

1. The fund that is always a major fund.
2. The item combined with liabilities to determine whether major fund criteria are met.
3. The presentation of nonmajor funds.
4. The funds that emphasize major fund reporting.
5. The item combined with assets to determine whether major fund criteria are met.
6. The funds never reported as major funds.
7. The standard(s) required for major fund reporting of a qualifying fund.
8. The standard for discretionary major fund reporting of a qualifying fund.

Options:

Aggregated in one column

Combining statements presentation

Deferred inflows of resource

Deferred outflows of resources

Enterprise funds only

Extraordinary importance to users

Enterprise funds and governmental funds only

Fiduciary funds and governmental funds only

General fund

Governmental funds only

Governmental and proprietary funds only

Internal service funds

Particular importance to users

Proprietary and fiduciary funds only

Separately in one column

Special revenue fund

I. Fund element at least 5% of element total for all funds of its category

II. Fund element at least 10% of element total for all funds of its category

III. Fund element at least 10% of element total for all qualifying funds

IV. Fund element at least 5% of element total for all qualifying funds

V. I and II

VI. II and III

VII. I and IV

VIII. II and IV

IX. III and IV