Assume a City's General Fund Has $75,000 of Inventory, $600,000

question 7

Multiple Choice

Assume a city's General Fund has $75,000 of inventory, $600,000 of long-term loans receivable, $250,000 long-term loans due from other funds, and $1,900,000 of investments. Based solely on this information, the city's nonspendable fund balance would be

• A) $925,000.
• B) $850,000.
• C) $675,000.
• D) $600,000.

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Definitions:

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