Assigned fund balances can be either positive or negative.

Name: Assigned fund balances can be either positive or negative.
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Question

Quizplus · Accepted Answer

Assigned fund balances are intended to represent amounts that are constrained by the government's intent to be used for specific purposes but are neither restricted nor committed, and they cannot be negative. Negative amounts would be reported as deficits in the unassigned fund balance.

Assigned Fund Balances Can Be Either Positive or Negative