What Is the Reporting Requirement for the Fund Balance Section

Multiple Choice

What is the reporting requirement for the fund balance section of the governmental funds balance sheet?

A) governmental fund balances should be reported in a single amount
B) governmental fund balances should be segregated in three components: invested in capital assets,net of related debt;restricted;and unrestricted
C) governmental fund balances should be segregated between reserved and unreserved amounts
D) governmental fund balances should be segregated in five components: nonspendable,restricted,committed,assigned and unassigned