Which of the Following Fund Balance Classifications Is Not for GAAP

question 31

Multiple Choice

Which of the following fund balance classifications is not for GAAP financial statement reporting?

• A) Nonspendable Fund Balance.
• B) Budgetary Fund Balance.
• C) Committed Fund Balance.
• D) Unassigned Fund Balance.

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Definitions:

Chinese Immigrants

Individuals from China who have migrated to various parts of the world, often facing significant challenges and discrimination, especially noted in the 19th and early 20th centuries in the United States.

Persecutions

Systematic mistreatment of an individual or group by another group, often due to political, religious, or ethnic differences.

Lynchings

Extrajudicial killings, usually by hanging, carried out by a mob or group of people without legal authority, historically associated with the suppression of black people in the United States.

Federal Surveyors

Government-employed experts who map and measure land, defining boundaries and assessing terrains for various purposes, including land development and conservation.