Which of the following is a required disclosure for governmental funds?
A. Flow assumption within the restricted components of fund balance
B. Flow assumption within the unrestricted components of fund balance
C. Both A and B
D. None of the above
C. Both A and B. If both restricted and unrestricted resources can be used for the same purpose, a flow assumption must be disclosed for 1) the use of restricted v unrestricted resources and 2) the use of the various components of unrestricted resources (committed, assigned, unassigned)