Which of the Following Statements Is False

question 169

Multiple Choice

Which of the following statements is false?

• A) Supplies and prepaid expenses are classified in governmental funds as Nonspendable Fund balance.
• B) Capital Projects, debt service and permanent funds do not typically record budgets.
• C) Debt service and permanent funds do not record encumbrances.
• D) Principal of permanent funds is classified as Committed Fund Balance.

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Definitions:

Complex Process

Describes a procedure or operation that is intricate, involving multiple steps, components, or layers.

Prospect's Five Mental Steps

The chronological thought process a potential buyer goes through: awareness, interest, evaluation, trial, and adoption.

Ignorance

The state of being unaware, uninformed, or lacking knowledge about something.

Customer Profile

Detailed information and characteristics about a business's target consumers to better understand and serve them.