A city has, in addition to the General Fund, three other ...

[geoffrey]

A city has, in addition to the General Fund, three other governmental funds. Two of those three governmental funds have been deemed to be major funds. At most, how many funds may be reported as major funds?
 
  A. One (1).
  B. Two (2).
  C. Three (3).
  D. Four (4).

Question 2

Expenses result from using up assets or consuming services in the process of generating revenues.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[polinasid]

Answer to Question 1

D

Answer to Question 2

True

[geoffrey]

Thanks for the timely response, appreciate it

[bitingbit]

Gracias!