Fund balance that consists of amounts such as inventory that are not in spendable form is classified as:
A) restricted.
B) committed.
C) nonspendable.
D) assigned.
Correct Answer:
Verified
Q22: Fund balance that has an internal constraint
Q23: A loss incurred as a result of
Q24: Which of the following correctly portrays the
Q25: An authorized expenditure is a(n):
A)approved financing use.
B)appropriation.
C)encumbrance.
D)expense.
Q26: Fund balance that is constrained to be
Q28: Fund balance that has an external constraint
Q29: Estimated uncollectible property taxes are:
A)charged to expenditures
Q30: Which of the following correctly identifies how
Q31: Debt that is recorded as a liability
Q32: In the governmental funds, an expenditure is
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