A special revenue fund reports total assets of $400,000 and total liabilities of $375,000. It reports these fund balance categories: Nonspendable, $12,000, and restricted, $15,000. What other fund...

A special revenue fund reports total assets of $400,000 and total liabilities of $375,000. It reports these fund balance categories: Nonspendable, $12,000, and restricted, $15,000.

What other fund balance category is reported?

Select one:

A. Unassigned, $(2,000)

B. Committed, $(2,000)

C. Assigned, $(2,000)

D. Restricted fund balance is reduced by $2,000.

Which one of these capital projects fund accounts is closed at year-end?

Select one:

A. Accounts payable

B. Due from general fund

C. Deferred outlays of resources

D. Capital outlay