In a Statement of Revenues,expenditures,and Changes in Fund Balance,the Unassigned

question 12

Multiple Choice

In a statement of revenues,expenditures,and changes in fund balance,the unassigned fund balance will be increased by:
I.a decrease in the fund balance-Nonspendable.
II.an excess of other financing sources over other financing uses.

• A)I only
• B)II only
• C)Both I and II
• D)Neither I nor II

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Definitions:

Government

The governing body of a nation, state, or community, responsible for making and enforcing laws, policies and for regulating public affairs.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Sick Role

The sick role is a concept in medical sociology that describes the social rights and obligations of a sick individual, including the expectation to seek treatment and the exemption from normal social roles.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, often accompanied by physical symptoms.