6&7

In the terms of GASB, what does available mean? a. collectible b. subject to accrual c. available for appropriation d. available to finance expenditures of the current period The Statement of Net Assets (sometimet called the Balance Sheet) for governmental funds is different from traditional balance sheets in what regard? Mark all that are cortect a. The accounts are all combiced except the theneral account b. There are maltiple columns shawing all of the funds c. There are no long-term items shown on the balance sheet d. Liabiltee can be subtracted drectly trom Assets to end up with fund balance os a separate aem