According to GASB Statement No

question 109

Multiple Choice

According to GASB Statement No.54 which of the following statements is not true regarding assigned funds?

• A) Assigned fund balances represent governmental resources that the government intends to use for a specific purpose such as a debt service fund.
• B) Constraints on assigned resources are more easily changed than committed funds.
• C) For governmental funds other than the General Fund, this is the category for all positive residual fund balances.
• D) This is the only fund balance that can be negative

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Definitions:

Processing

The series of actions or steps taken in order to achieve a particular end, often relating to the handling or management of information or materials.

Active Listening

The practice of paying full attention to the speaker, understanding their message, and responding thoughtfully.

Informal Network Lines

The unofficial and usually invisible lines of communication that exist within an organization, based on personal relationships rather than organizational charts or structures.

Negative

Characterized by a lack or absence of positive attributes, often implying pessimism, refusal, or opposition.