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The focus of certain fund financial statements of a local government is on major funds. Accordingly, A. Major internal service funds must be presented separately

The focus of certain fund financial statements of a local government is on major funds. Accordingly,

A. Major internal service funds must be presented separately in the statement of net position for proprietary funds. B. The main operating fund is always reported as a major fund. C. Combining statements for nonmajor funds are required. D. Enterprise funds not meeting the quantitative criteria are not eligible for presentation as major funds.

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