Which of the Following Will Increase the Fund Balance of a Government

question 70

Multiple Choice

Which of the following will increase the fund balance of a government at the end of the fiscal year?

• A) The sum of revenues and other financing sources is more than the sum of expenditures and other financing uses.
• B) Expenditures are more than the difference between revenues and the excess of other financing sources over other financing uses.
• C) Revenues are less than the sum of expenditures, other financing sources, and other financing uses.
• D) The sum of fund balance, revenues, and other financing sources is more than the sum of expenditures and other financing uses.