Which of the following is incorrect with respect to fund balances? Multiple Choice 0 Inventory and prepaid items are classified as nonspendable fund balances 0 Assigned fund balances are resources that the governing body has specified for a particular use through ordinance or resolution by the government's highest level of authority 0 Only unassigned fund balonces may have a negative belance 0 Restricted fund balance are netresources of government fund that are subject to constraints imposed by external parties or by low