Which fund balance category is affected by having inventory and prepaid items at year-end? a. Assigned fund

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Which fund balance category is affected by having inventory and prepaid items at year-end?

a. Assigned fund balance.

b. Committed fund balance

c. Nonspendable fund balance

d. Restricted fund balance

e. Unassigned fund balance

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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Question Posted: Feb 24, 2024 05:00 AM

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Which fund balance category is affected by having inventory and prepaid items at year-end? a. Assigned fund

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c Nonspendable fund balance In governmental accounting fund balances are classified into different c...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

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