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The city council of a city government (the highest-level of decision-making authority) voted to use money...

The city council of a city government (the highest-level of decision-making authority) voted to use money in the future to repair parking garages in the downtown area. How is the fund balance designated to reflect that decision?

A) Committed. B) Nonspendable. C) Assigned. D) Unassigned. E) Restricted.

Answer: D

Please explain the why the answer is not "Committed".

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Answer #1

Solution: committed account

Explanation: When the government has just voted for the repair of the parking garages in future to all federal building and the cost estimation is done, then the government discloses its decision with the debiting of the committed account. This account will be used only for the specific objectives determined by a formal action of the city council of a city government

D is an incorrect answer

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