The Town of Baker reported the following items on the June 30,20X9,balance sheet of its general fund:
At June 30,20X9,what amount should be reported for Fund Balance-Unassigned?
A)$46,000
B)$40,000
C)$30,000
D)$16,000

Question

Quizplus · Accepted Answer

The unassigned fund balance is calculated by subtracting non-spendable, restricted, committed, and assigned fund balances from the total fund balance. In this case, the unassigned fund balance is $30,000.

The Town of Baker Reported the Following Items on the June