This topic contains a solution. Click here to go to the answer

Author Question: Unassigned fund balance cannot be described as A. The residual fund balance that remains after ... (Read 95 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
Unassigned fund balance cannot be described as
 
  A. The residual fund balance that remains after accounting for nonspendable fund balance, restricted fund balance, committed fund balance, and assigned fund balance.
  B. A fund balance category that is used to report positive and negative balances in any governmental fund.
  C. The amount of governmental fund net assets with no constraints on their use.
  D. A fund balance category that is used to report positive and negative balances in the General Fund, but only negative balances in other governmental funds.

Question 2

Land would appear on the balance sheet as
 a. a current asset.
  b. a current liability.
  c. part of property and equipment.
  d. a long-term liability.
  e. either a current asset or a current liability.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

B

Answer to Question 2

C




mckennatimberlake

  • Member
  • Posts: 559
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

For a complete list of videos, visit our video library