Which of the following statements is correct?

Multiple Choice

• Fund balance represents the legal claim property owners and voters have on the excess of fund assets over liabilities.

• Fund balance is analogous to the capital account of an investor-owned business.

• Fund balance classifications are nonspendable, spendable, assigned, and unassigned.

• Unassigned Fund balance represents the net resources of the fund that are currently available for future spending.

PLEASE GIVE ME THE RIGTH ONE LETTER (A) is not the correct one