Which of the Following Statements Is True About Fund Balance

question 28

Multiple Choice

Which of the following statements is true about Fund Balance classifications for the governmental funds?

• A) A restricted fund balance is for monies the governing board has appropriated.
• B) An assigned fund balance has been designated for a specific purpose and is restricted to use for only that purpose.
• C) An unassigned fund balance has no restriction for use of the money and is only applicable to the General Fund.
• D) A committed fund balance has been designated by an outside party for a particular use.
• E) A non-spendable fund balance is designated only for Permanent Fund balances.

---

Definitions:

Methane Molecule

A chemical compound with the formula CH4, the simplest alkane and the main component of natural gas, consisting of one carbon atom surrounded by four hydrogen atoms.

Polarity

Polarity in chemistry refers to the distribution of electrical charge over atoms or molecules, causing them to have a dipole moment with partially positive and negative charges.

Ethanol

An organic compound, also known as alcohol, with the formula C2H5OH, widely used as a solvent, in the manufacture of various goods, and as a renewable fuel.

Hexane

A hydrocarbon compound with six carbon atoms and 14 hydrogen atoms, often used as a non-polar solvent.