Which of the Following Statements Is Not True with Respect

question 32

Multiple Choice

Which of the following statements is not true with respect to GASB Statement No.54 regarding restricted fund balances?

• A) Restricted funds are those that are subject to constraints imposed by external parties or by law.
• B) Restricted fund balance can result from legally enforceable requirements that resources be used only for specific purpose.
• C) Restricted funds are the result of a self-imposed constraint by a government upon itself.
• D) All of the above are correct

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Definitions:

Recent Research

Studies, experiments, or scholarly work conducted or published in the near past, contributing to the current understanding of a specific field or topic.

Nonprofit Organizations

Organizations established for purposes other than generating profit, aiming to serve public or community benefits.

Isomorphism

The process of convergence where organizations within the same field or industry become increasingly similar to each other over time, often in response to regulatory, competitive, or cultural pressures.

Powell And DiMaggio

They are known for their work in institutional theory, particularly for elaborating on how organizational structures become homogenized through isomorphic processes.