USCPA每日一练之FAR【2015-12-13】

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Sample City has identified the non-major funds within its fund types. In its financial report, Sample City:

a.Must include combining financial statements for non-major funds for each fund type in the required supplementary information.

b.Must include combining financial statements for non-major funds for each fund type in the basic financial statements.

c.May include combining financial statements for non-major funds for each fund type in the supplementary information.

d.Must include combining financial statement disclosures for non-major funds for each fund type in the notes to the financial statements.

Answer:C

Choice "C" is correct. Sample City may report combining non-major individual fund financial statements in the supplementary information. Reporting the combining fund financial statements is optional.

Choices "b", "a", and "d" are incorrect. Sample City's reporting is optional.

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