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?
Definitions:
Semiannual Interest
Interest payments made twice a year on certain types of debt securities, such as bonds.
Maturity Value
The amount payable to the investor at the end of a debt instrument's life.
Foreign Exchange Gain
The profit obtained from holding or trading foreign currencies due to changes in exchange rates.
Exchange Rate
The price of one currency in terms of another currency.
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