Assume That a Debt Service Fund Does Not Have Nonspendable

Multiple Choice

Assume that a Debt Service Fund does not have nonspendable fund balance. Further assume that after restricted and committed levels of fund balance have properly identified, the remaining balance is a deficit. This deficit fund balance should

A) Be reported as negative assigned fund balance.
B) Be reported as a negative unassigned fund balance.
C) Be reported as a negative nonspendable fund balance.
D) Be netted against the positive committed fund balance.