Which of the Following Statements Is True About Fund Balance

question 16

Multiple Choice

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

• A)A restriced 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 nonspendable fund balance is designated only for Permanent Fund balances.

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Definitions:

Longitudinal Study

A research design that follows the same subjects over a period of time, observing them at multiple points to examine changes and developments.

Cultural Humility

An approach to intercultural relations that emphasizes self-reflection, lifelong learning, and an understanding of one's own biases and limitations when engaging with diverse cultures.

Multicultural Competencies

The knowledge, skills, and attitudes that enable individuals to work effectively and respectfully with people from different cultural backgrounds.

Objective Process Variables

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