Question: Fund balance, both nonspendable and unassigned, can be computed from a limited amount of information. The schedule that follows reports the beginning balances and activity
Fund balance, both nonspendable and unassigned, can be computed from a limited amount of information.
The schedule that follows reports the beginning balances and activity during the year in a town's supplies fund
a governmental fund The government accounts for supplies on a consumption basis in thousands
Compute the following and show your computations:
a Fund balance, nonspendable inventory December
b Fund balance, assigned encumbered December
c Fund balance unassigned December
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