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Which of the following is true? A. Negative unassigned fund balance can be reported only in the general fund. B. Positive unassigned fund balance may

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Which of the following is true? A. Negative unassigned fund balance can be reported only in the general fund. B. Positive unassigned fund balance may be reported in any governmental fund. C. Assigned fund balance is the residual fund balance of the general fund. D. Restricted fund balance can only be reported in special revenue funds. Submit Answers Which governmental fund should be used to account for the proceeds of a major federal grant received for the purpose of financing most of the cost of a major general government construction project? A. Capital projects fund B. Debt service fund C. General fund @ D. Special revenue fund Sumt Answers Which of the following might be reported as other financing uses in a governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balance? A. Intertund services provided and used transactions B. Reimbursement transactions C. Repayment of general long-term debt from general revenues D. Transfers Submit Answers

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