Which of the Following Could Never Be Considered Part of Assigned

question 68

Multiple Choice

Which of the following could never be considered part of assigned fund balance?

• A) The finance director sets aside a substantial amount of resources for a special project.
• B) Unassigned amounts loaned to another fund for more than one year.
• C) Program manager - with blessing of city council - sets aside funds for multi-year project.
• D) Fund balances remaining in a Special Revenue Fund after determining the appropriate balances for nonspendable fund balance, restricted fund balance, and committed fund balance.

---

Definitions:

Common Stock

Equity securities representing ownership in a corporation, with voting rights and potential dividends.

Par

The face value of a bond or stock, which is the amount the issuer agrees to pay at maturity in the case of a bond, or the value assigned to a share of stock at the time of issue.

Consolidated Statements

Financial statements that aggregate the financial information of a parent company and its subsidiaries into one document.

Equity Method

An accounting technique used to record the investments in other companies where the investor has significant influence but does not have full control.