How Are Long-Term Loan Receivables Reported in the Fund Balance

question 37

Multiple Choice

How are long-term loan receivables reported in the fund balance section of governmental funds balance sheets?

• A)nonspendable
• B)unassigned
• C)unrestricted
• D)restricted,committed,assigned,or unassigned

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Definitions:

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, representing the earliest stage of embryonic development.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Germinal

Relating to the earliest stage of development of an organism, particularly the period from fertilization to implantation in pregnancy.

Embryonic

Pertaining to the earliest stage of development in living organisms after fertilization, before the stage known as fetal development.