With Respect to Financial Reporting for Governmental Funds,which of the Following

With respect to financial reporting for governmental funds,which of the following statements is true?

A) A fund must be reported as a major fund if total assets, liabilities, revenues or expenses of the fund are at least 5% of the corresponding total for all governmental and enterprise funds combined.
B) GASB Statement 34 requires a balance sheet and statement of Revenues, Expenditures and Changes in Fund Balance for the General Fund and other governmental funds.
C) The General Fund must satisfy the criteria for a major fund to be categorized as such on the balance sheet.
D) A fund must be reported as a major fund if total assets, liabilities, revenues or expenses of the fund are at least 15% of the corresponding total for all governmental funds.

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