ACCT266 Public Admin Fund Accounting CH3

ACCT266 Public Admin Fund Accounting CH3 - Question 1 0 out...

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Question 1 0 out of 1 points The Fire Department of a certain city received an appropriation in the amount of $12,000,000 for the fiscal year ended December 31, 2012. During the month ended January 31, 2012, the following transactions occurred: (a) purchase orders were issued in the amount of $400,000; (b) purchase orders, related to (a) above, were filled in the amount of $380,000; the related invoice amount was $368,000; invoices were paid in the amount of $350,000; (c) salaries were accrued and paid in the amount of $575,000. The amount available for the Fire Department as of January 31, 2012 would be: Answer Selected Answer: $11,057,000. Correct Answer: $11,037,000. Question 2 1 out of 1 points
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Where is tax- supported long term debt reported? Answer Selected Answer: Government-wide Statement of Net Assets Correct Answer: Government-wide Statement of Net Assets Question 3 1 out of 1 points The general ledger journal entry in the General Fund to record the adoption of a budget would
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This note was uploaded on 03/23/2012 for the course ACCT 266 taught by Professor None during the Spring '12 term at Clark State Community College.

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ACCT266 Public Admin Fund Accounting CH3 - Question 1 0 out...

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