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Author Question: The Board of Commissioners took formal action to dedicate resources for a particular project in the ... (Read 95 times)

Yi-Chen

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on: Jul 5, 2018
The Board of Commissioners took formal action to dedicate resources for a particular project in the Capital Projects Fund. Those resources cannot be redirected for another use unless an equivalent formal action is taken.
 
  As of the end of the fiscal year, a portion of these resources remain in fund balance. The proper fund balance classification for these resources would be
  A. Nonspendable.
  B. Restricted.
  C. Committed.
  D. Assigned.

Question 2

An other postemployment benefit plan where assets have been placed in trust would be reported as
 
  A. A Permanent Fund.
  B. An Agency Fund.
  C. Part of the General Fund.
  D. As a Pension and Other Employee Benefit Trust Fund.


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ndhahbi

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

C

Answer to Question 2

D


Yi-Chen

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
Excellent

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