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The Following Information Was Obtained from the General Fund Balance

Question 19

Multiple Choice

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

Correct Answer:

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