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The City of Somerset has the following fund information: Required: Apply the criteria specified in GASB 34 to determine which of these funds meets the

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The City of Somerset has the following fund information: Required: Apply the criteria specified in GASB 34 to determine which of these funds meets the major fund reporting criteria. \begin{tabular}{|l|l|} \hline Meets 5 percent criterion tests \\ \hline Capital Project - Library \\ \hline Permanent \\ \hline Enterprise - Electric \\ \hline Enterpnise - Water \\ \hline \end{tabular} So the major funds are Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Capital Projects-Library Fund Enterprise-Electric Fund Enterprise-Water Fund Copital Project. Avena Fund Debt Service Fund Permanent Fund Specal Revenue Fund

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