9. Which statement is true regarding the ‘‘major’’ funds? a. The general fund is considered major if it is large enough. b. Other funds are considered major if both of the following conditions exist:...

9. Which statement is true regarding the ‘‘major’’ funds?

a. The general fund is considered major if it is large enough.

b. Other funds are considered major if both of the following conditions exist: (1) total assets of that individual governmental or enterprise fund constitute 20% of the governmental or enterprise categories, and (2) total assets are 10% of the total of the governmental and enterprise categories.

c. A government cannot choose to reflect a fund as major even if it does not meet the criteria for major funds.

d. All of the above are false.