At June 30, 20X9, total assets for the various funds of a local municipality were as follows: General Fund (GF)$100,000 Capital Projects Fund (CPF) 1,800,000 Internal Service Fund (ISF) 100,000 Enterprise Fund (EF) 300,000 Applying GASB 34 criteria, which of the above are major funds for reporting purposes?
A. CPF, ISF, EF
B. GF, CPF, EF
C. GF, CPF, ISF, EF
D. CPF, EF
Answer: B
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