The principal of permanent funds is classified as Nonspendable Fund Balance.
Correct Answer:
Verified
Q10: Unexpended resources transferred to the debt service
Q11: Unexpended intergovernmental grants and taxes dedicated to
Q12: Capital Projects funds recognize expenses, but not
Q13: Any governmental fund may have a positive
Q14: Unmatured principal installments and accrued interest which
Q16: Fund balances of debt service funds are
Q17: Because debt service and permanent funds use
Q18: Because capital project, debt service and permanent
Q19: The residual classification for governmental fund balances
Q20: The principal of permanent funds must be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents