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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
    Define and Give an Example of Each of the Following
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Define and Give an Example of Each of the Following

Question 27

Question 27

Essay

Define and give an example of each of the following categories of Fund Balance outlined in GASB Statement No.54:
Nonspendable
Restricted
Committed
Assigned
Unassigned

Correct Answer:

verifed

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Nonspendable
Nonspendable fund balances ...

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