Encumbrances outstanding at year-end in a states general fund should be reported as a a. Liability in

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Encumbrances outstanding at year-end in a state’s general fund should be reported as a

a. Liability in the general fund.

b. Fund balance designation in the general fund.

c. Fund balance reserve in the general fund.

d. Liability in the general long-term debt account group.

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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Question Posted: Mar 15, 2024 04:00 AM

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Encumbrances outstanding at year-end in a states general fund should be reported as a a. Liability in

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a Liability in the general fund Encumbrances outstanding at yearend represent commitments ...View the full answer

Advanced Financial Accounting

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