Multiple Choice
According to the GASB, which of the following statements is not true regarding assigned funds?
A) Assigned fund balances represent governmental resources that the government intends to use for a specific purpose such as a debt service fund.
B) This is the only fund balance that can be negative
C) Constraints on assigned resources are more easily changed than committed funds.
D) For governmental funds other than the General Fund, this is the category for all positive residual fund balances.
Correct Answer:
Verified
Correct Answer:
Verified
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