In a statement of revenues,expenditures,and changes in fund balance,the unreserved fund balance will be increased by: I.a decrease in the fund balance reserved for inventories.
II)an excess of other financing sources over other financing uses.
A)I only
B)II only
C)Both I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

A decrease in the fund balance reserved for inventories (I) and an excess of other financing sources over other financing uses (II) both contribute to an increase in the unreserved fund balance.

In a Statement of Revenues,expenditures,and Changes in Fund Balance,the Unreserved