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With respect to the preparation of fund basis financial statements, enterprise funds are considered to be major which of the followist? Multiple Choice When total
With respect to the preparation of fund basis financial statements, enterprise funds are considered to be major which of the followist?
Multiple Choice
When total assets, liabilities, revenues, or expenses of that individual enterprise fund constitutes of the total for the enterprise fund category.
When total assets, liabilities, revenues, or expenses of that individual enterprise fund are of the total of the governmental and enterprise categories, combined.
Either When total assets, liabilities, revenues, or expenses of that individual enterprise fund constitutes of the total for the enterprise fund category or When total assets, liabilities, revenues, or expenses of that individual enterprise fund are of the total of the governmental and enterprise categories, combined would fulfil the requirements.
Both When total assets, liabilities, revenues, or expenses of that individual enterprise fund constitutes of the total for the enterprise fund category and When total assets, liabilities, revenues, or expenses of that individual enterprise fund are of the total of the governmental and enterprise categories, combined required to be a major fund.
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