The following information was obtained from the general fund balance sheet of Lima Village on June 30, 20X9, the close of its fiscal year: On June 30, 20X9, what was Lima's unassigned fund balance in its general fund?
A) $84,000
B) $44,000
C) $34,000
D) $24,000

Question

The following information was obtained from the general fund balance sheet of Lima Village on June 30, 20X9, the close of its fiscal year:  On June 30, 20X9, what was Lima's unassigned fund balance in its general fund?
A) $84,000 
B) $44,000 
C) $34,000 
D) $24,000

Quizplus · Accepted Answer

The Answer is C

The Following Information Was Obtained from the General Fund Balance