Governmental Funds Fund Balance Is Displayed in Which of the Following

question 149

Multiple Choice

Governmental Funds Fund Balance is displayed in which of the following categories?

• A) Nonspendable, Spendable, Assigned, Unassigned
• B) Nonspendable, Restricted, Unrestricted
• C) Restricted, Unrestricted, Assigned, Unassigned
• D) Nonspendable, Restricted, Committed, Assigned, Unassigned

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Definitions:

Resale

The act of selling a product or property previously purchased, often used goods or properties, in various markets or channels.

Dispute Settlement Understanding

An agreement that is part of the WTO system whereby recognized governments of WTO member states may bring an action alleging a violation of GATT by other member states.

WTO Member States

Countries that are members of the World Trade Organization, which deals with the global rules of trade between nations.

GATT

The General Agreement on Tariffs and Trade, an international treaty designed to encourage international trade by reducing trade barriers and tariffs.