In a statement of revenues,expenditures,and changes in fund balance,the unassigned fund balance will be increased by:
I.a decrease in the fund balance-Nonspendable.
II.an excess of other financing sources over other financing uses.
A)I only
B)II only
C)Both I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

Both a decrease in the fund balance-Nonspendable and an excess of other financing sources over other financing uses would increase the unassigned fund balance. The first reallocates funds from nonspendable to potentially unassigned, and the second directly increases available resources.

In a Statement of Revenues,expenditures,and Changes in Fund Balance,the Unassigned