A major governmental fund is one that has one or more elements (e.g., assets, liabilities, revenues, or expenditures) that is at least:
A. Five percent of the corresponding element(s) of total governmental funds and five percent of the corresponding element(s) of total governmental and enterprise funds combined.
B. Ten percent of the corresponding element(s) of total governmental funds and 10 percent of the corresponding element(s) of total governmental and enterprise funds combined.
C. Five percent of the corresponding element(s) of total governmental funds and 10 percent of the corresponding element(s) of total governmental and enterprise funds combined.
D. Ten percent of the corresponding element(s) of total governmental funds and 5 percent of the corresponding element(s) of total governmental and enterprise funds combined.
Answer: D
You might also like to view...
Swan Company has provided you with the following data pertaining to its pension plan for the year ended December 31, 2018: The 2018 service cost was $175,500. The projected benefit obligation as of January 1, 2018 was $1,950,000. Plan assets as of January 1, 2018 totaled $2,020,000. The actual return on plan assets during 2018 was 10%. Amortization of prior service costs during 2018 was $9,750. The expected return on plan assets was 8%. The pension plan funding during 2018 totaled $170,000. The discount rate was 8%. Required:Prepare the journal entry to record pension expense for the year ended December 31,2018.
What will be an ideal response?
Torts are ________ wrongs against persons or property.
A. public criminal B. private criminal C. private civil D. public civil
Research shows that women in management roles have ______.
A. less education than men B. a lack of human skills C. less inclusion in key networks D. more likelihood to quit their job
No one should leave a meeting without a full understanding of what was accomplished
Indicate whether the statement is true or false