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QUESTION 2 Which of the following is CORRECT regarding the determination of major funds? (Choose all that apply) Financial information for each mgjor fundis presented

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QUESTION 2 Which of the following is CORRECT regarding the determination of major funds? (Choose all that apply) Financial information for each mgjor fundis presented in a separate column in the fund financial statements B. Financial information of nonmajor funds is not included in the financial statements of the government. D If an enterprise fund's total assets are at lease 10% of the total assets of all enterprise funds, that fund will always be required to be E If a governmental fund's revenues are 10% of total governmental funds' revenue and 5% of the total revenues for all governmental and OC. The General Fund is always a major fund. reported as a major fund. enterprise funds, that fund is required to be reported as a major fund. The government can treat any fund it considered particularly important to financial statement users a major fund QUESTION 3 1 pe Which of the following items are reauired by GASB to be presented as part of the external general purpose financial statements? (Choose all that apply) A Budgetary comparison schedules for all governmental funds with a legally adopted budget -B. Governmental fund financial statmeents CStatistical Section D Combining statements, individual fund statements, and schedules E. Government-wide financial statements Notes to the Financial Statements ? G. Introductory Section H. Management's Discussion and Analysis

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