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Author Question: The city's governing body gives the city's finance director the authority to set aside excess ... (Read 40 times)

lb_gilbert

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on: Jul 5, 2018
The city's governing body gives the city's finance director the authority to set aside excess amounts in the General Fund to provide funds to build a new fire station.
 
  The finance director sets aside 200,000 for that purpose during the current fiscal year. This should be reported as part of:
   a. unassigned fund balance
   b. assigned fund balance
   c. committed fund balance
   d. restricted fund balance
   e. nonspendable fund balance

Question 2

Equity accounts normally have debit balances.
 a. True
   b. False
   Indicate whether the statement is true or false


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okolip

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

b

Answer to Question 2

False


lb_gilbert

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

jojobee318

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Reply 3 on: Yesterday
Gracias!

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