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