Governmental funds, other than the General Fund, are considered major if:I.Total Assets, Liabilities, Revenues, or Expenditures of that individual governmental fund are at least 10% of the corresponding total (assets, liabilities, and so forth) for all governmental funds.II.Total Assets, Liabilities, Revenues, or Expenditures of the individual governmental fund are at least 5% of the corresponding total for all governmental and enterprise funds combined.
A. Both I and II.
B. Either I or II, but need not be both.
C. II only.
D. I only.
Answer: A
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