A governmental fund has a difference of assets – liabilities (no deferred inflow/outflows) = $10,000. Of the amount, $9,000 was encumbered, and $500 must be set aside for a debt covenant, $300 is in prepaid insurance. The rest can be used for anything. 

What is the balance in unassigned?

Answer rating: 100% (QA)

To calculate the balance in unassigned we need to subtract ... View the full answer