Which of the Following Statements Is False

question 144

Multiple Choice

Which of the following statements is false?

• A) Intergovernmental grants and taxes dedicated to capital improvements in a capital projects fund are likely to be classified as Assigned Fund Balance.
• B) The corpus (principal) from a permanent fund should be classified as Nonspendable.
• C) The residual classification for funds other than the General Fund is Assigned.
• D) If a bond sinking fund is required by creditors or law, the unexpended resources would be classified as Restricted.

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Definitions:

Requests for Admissions

A pre-trial procedure in civil litigation where one party requests the other to admit the truth of certain facts, thereby narrowing the scope of the dispute.

Interrogatories

A set of formal written questions issued by one party in a lawsuit to another party, which must be answered under oath.

Demurrers

A legal pleading that objects to the sufficiency of the opposing party’s pleadings, without addressing the facts, and asks the court to dismiss the case on legal grounds.

Personam Jurisdiction

The court's authority over an individual or entity involved in a legal proceeding.