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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
Rep: 293 0
9 years ago
Hannah County has a total fund balance in the General Fund as of the end of the year of $1,565,000. Assume the following:
•   The budget officer decided to set aside $405,000 for new road maintenance.  The county's governing board had previously given her this authority.
•   Unspent restricted drug enforcement grant proceeds of $75,000.
•   The county's governing board passed a resolution to use $500,000 for construction of a fleet maintenance facility.
In the year-end financial statements, Hannah County would report unassigned fund balance and assigned fund balance, respectively, in the General Fund as
A.   $1,085,000 unassigned fund balance; $405,000 assigned fund balance.
B.   $660,000 unassigned fund balance; $905,000 assigned fund balance.
C.   $585,000 unassigned fund balance; $405,000 assigned fund balance.
D.   $495,000 unassigned fund balance; $480,000 assigned fund balance.
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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Posts: 10774
Rep: 1064 3
9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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