Which of the Following Statements Is False

question 22

Multiple Choice

Which of the following statements is false?

• A) Unexpended intergovernmental grants and taxes dedicated to capital improvements in a capital projects fund are likely to be classified as Assigned Fund Balance
• B) The corpus (principal) from a permanent fund should be classified as Nonspendable.
• C) The residual classification for funds other than the General Fund is Assigned.
• D) If a bond sinking fund is required by creditors or law, the unexpended resources would be classified as Restricted.

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Definitions:

Visual Contact

The act of making eye contact or using visual cues to communicate or connect with another person.

Face-To-Face

Direct interaction between people in the same physical location, allowing for immediate feedback and nonverbal communication.

Nonverbal Subtleties

The minor or delicate signals communicated through body language rather than words.

Negotiations

The process of discussing something with someone in order to reach an agreement.