The Following Information Was Obtained from the General Fund Balance

question 33

Multiple Choice

The following information was obtained from the general fund balance sheet of Lima Village on June 30,20X9,the close of its fiscal year:
On June 30,20X9,what was Lima's unassigned fund balance in its general fund?

• A)$84,000
• B)$44,000
• C)$34,000
• D)$24,000

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Temporal Immediacy

The degree of immediacy or urgency associated with a task or situation, often affecting decision-making processes.

Distributive Justice

The perceived fairness of the allocation of resources, rewards, or outcomes within an organization or society.

Golden Rule

A moral principle that suggests treating others as one would like to be treated oneself, often cited in various religious and philosophical traditions.