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

---

Definitions:

Message Pane

A section of an email client or messaging application that displays the content of the selected message.

Files

Digital documents, images, or programs stored on a computer or storage media.

Flags

Indicators used in applications and software to mark or highlight items for attention, categorization, or further action.

Misspelled Words

Words that are not spelled correctly according to the spelling rules of a particular language.