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According to GASB, which of the following is an example of a nonspendable fund balance?
Development
The process of growth and change that humans undergo throughout their life, encompassing physical, cognitive, and social aspects.
Older Adults
Individuals who are in the later stages of life, often defined as being 65 years of age or older, and experiencing the physical and cognitive changes associated with aging.
Relatives
Family members related by blood, marriage, or adoption, ranging from immediate family like parents and siblings to more distant relations.
Children
Individuals in the early stages of life from birth to adolescence, characterized by rapid physical, emotional, and intellectual development.
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