The GAAP fund balance classifications are described as reflecting a hierarchy of constraints on resource use. From
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The GAAP fund balance classifications are described as reflecting a hierarchy of constraints on resource use. From the most constrained to the least constrained, what is the order of the hierarchy?
a. Unassigned, Assigned, Committed, Restricted, Nonspendable
b. Restricted, Committed, Assigned, Unassigned, Nonspendable
c. Nonspendable, Restricted, Committed, Assigned, Unassigned
d. Restricted, Nonspendable, Committed, Assigned, Unassigned
e. Unassigned, Nonspendable, Restricted, Committed, Assigned
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The correct answer is d Restricted Nonspendable Committed Assigned Unassigned The Governmental Accou...View the full answer
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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