According to the GASB, Which of the Following Statements Is

question 37

Multiple Choice

According to the GASB, which of the following statements is not true regarding assigned funds?

• A) Assigned fund balances represent governmental resources that the government intends to use for a specific purpose such as a debt service fund.
• B) This is the only fund balance that can be negative
• C) Constraints on assigned resources are more easily changed than committed funds.
• D) For governmental funds other than the General Fund, this is the category for all positive residual fund balances.

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