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Assume that a governmental entity has, in addition to the General Fund, four oth

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Assume that a governmental entity has, in addition to the General Fund, four oth

Assume that a governmental entity has, in addition to the General Fund, four other governmental funds. Upon applying the quantitative criteria to determine the minimum requirements for major fund reporting it is determined that two of those four funds meet the criteria. At a minimum, the governmental entity will report how many major funds?
A.   One (1).
B.   Two (2).
C.   Three (3).
D.   Four (4).

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