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Author Question: A city has only one special revenue fund. All the fund balance classifications that it reports have ... (Read 84 times)

joesmith1212

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on: Jul 5, 2018
A city has only one special revenue fund. All the fund balance classifications that it reports have positive balances. Which of the following fund balance classifications would not be reported by the city?
 
  a. unassigned fund balance
  b. assigned fund balance
  c. committed fund balance
  d. restricted fund balance

Question 2

Prepaid insurance and supplies are assets because they will provide benefits for more than one month.
 a. True
   b. False
   Indicate whether the statement is true or false


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kjohnson

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

True


joesmith1212

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  • Posts: 549
Reply 2 on: Jul 5, 2018
Excellent

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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