Under GASB Standards Which of the Following Funds Can Report

question 38

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 above.

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Definitions:

Ecological Adaptive

The process by which organisms adjust to changes in their environment to maintain or improve their survival prospects.

Domesticated

Refers to animals or plants that have been modified from their natural states to be of use to humans through selective breeding.

Cultural Adaptation

The process by which individuals or groups adjust to new cultural environments, often involving changes in practices, norms, and values.

Improvement

A positive change or enhancement in a situation or condition.