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On Its Balance Sheet, a County's Permanent Fund Reports a Balance

Question 7

Multiple Choice

On its balance sheet, a county's permanent fund reports a balance in unassigned fund balance when:


A) Its resources have no restrictions.
B) Total fund balance is less than the total of nonspendable, restricted, committed and assigned fund balances.
C) There are no nonspendable assets reported.
D) Its resources include amounts designated by the county budget for specific purposes.

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