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    Business
  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    According to GASB Statement No
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According to GASB Statement No

Question 43

Question 43

Multiple Choice

According to GASB Statement No.54 an unassigned fund balance is


A) The residual category for the General Fund.
B) The only category of Fund balance that may not be reported as a negative number.
C) The designation given for rainy day funds.
D) None of the above

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