1. The Governmental Accounting Standards Board (GASB) provides guidance on how fund balance should be reported on the balance sheet of the general fund. According to the GASB, which of the following sequences discloses the highest level of constraint to the lowest level of constraint for fund balance?

1. Committed, restricted, assigned.
2. Restricted, assigned, committed.
3. Restricted, committed, assigned.
4. Assigned, restricted, committed.

2. Fund balance is reported as restricted on the general fund balance sheet when resources are constrained by

1. An external resource provider.
2. The board of trustees of a village or the city council of a city.
3. The finance director.
4. The board president or mayor, depending on the form of government.

3. Fund balance is reported as committed on the general fund balance sheet when resources are constrained by

1. An external resource provider.
2. The board of trustees of a village or the city council of a city.
3. The finance director.
4. The States constitution.