The city's governing body gives the city's finance director the ...

[lb_gilbert]

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

[okolip]

Answer to Question 1

b

Answer to Question 2

False

[lb_gilbert]

Gracias!

[Dinolord]

Excellent