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    Business
  3. Study Set
    Accounting for Government and Nonprofit Organizations
  4. Exam
    Exam 9: Reporting Principles and Preparation of Fund Financial Statements
  5. Question
    How Are Prepaid Items and Inventory Reported in the Fund
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How Are Prepaid Items and Inventory Reported in the Fund

Question 33

Question 33

Multiple Choice

How are prepaid items and inventory reported in the fund balance section of governmental funds balance sheets?


A) Nonspendable
B) Unassigned
C) Unrestricted
D) Restricted

Correct Answer:

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