According to GASB Statement No

question 88

Multiple Choice

According to GASB Statement No.54,spendable fund balances are displayed in which of the following categories?

• A) Restricted, Unrestricted, Assigned, Unassigned
• B) Restricted, Committed, Assigned, Unassigned
• C) Spendable, Assigned, Unassigned
• D) Restricted, Unrestricted

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Definitions:

Superior Opinions

Refers to the judgments or viewpoints held by individuals in higher positions within an organization or hierarchy.

Irrational

refers to actions or decisions not based on logical reasoning, sound judgment, or clear thinking.

Discrimination

Actively denies minority members the full benefits of organizational membership.

Denies

The act of rejecting a statement, request, or acknowledgment; refusal.