The Following Information Was Obtained from the General Fund Balance

question 37

Multiple Choice

The following information was obtained from the general fund balance sheet of Lincoln County on June 30,20X2,the close of its fiscal year:

On June 30,20X2,what was Lincoln's unassigned fund balance in its general fund?

• A) $96,000
• B) $126,000
• C) $176,000
• D) $206,000

---

Definitions:

Fitted Values

Predicted values generated by a statistical model that approximate the observed data points.

Autoregressive Model

A model for forecasting a time series that uses the relationship between an observation and a number of lagged observations.

Time Series Data

Data points collected or recorded at regular time intervals, used for analyzing trends, cycles, and seasonal variations over time.

Consecutive Residuals

The differences between observed and predicted values in a sequence, following each other without interruption.