Under GASB Standards Which of the Following Funds Can Report

question 14

Multiple Choice

Under GASB standards which of the following funds can report a positive amount for unassigned fund balance?

• A) Capital projects fund.
• B) Special revenue fund.
• C) General Fund.
• D) All of the options.

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Definitions:

Satisfice

A decision-making strategy that aims for a satisfactory or adequate solution, rather than an optimal one.

Optimal

Refers to the most favorable or desirable condition, level, or outcome in a given situation.

Information Overload

The state of being overwhelmed by the vast amount of information available, making it difficult to make decisions or focus.

Sustainability

The ability to maintain or improve certain processes, systems, or materials indefinitely without depleting resources or harming natural cycles.