Which of the Following Could Never Be Considered Part of Assigned

question 47

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) Expected costs of orders outstanding at year end that are to be filled in the next fiscal year.
• 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.

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Definitions:

LLC

A Limited Liability Company, a flexible form of enterprise that blends elements of partnership and corporate structures.

Wrongful Acts

Actions that are illegal or immoral, violating legal or ethical standards.

Manager Members

Individuals who are both managers and members in a management structure, particularly in LLCs, having both operational control and ownership interests.

LLC

stands for Limited Liability Company, a business structure that combines elements of partnerships and corporations, providing owners with limited liability protection.