Which of the following situations will increase a governmental units fund balance at the fiscal year-end? a.

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Which of the following situations will increase a governmental unit’s fund balance at the fiscal year-end?

a. Appropriations are less than expenditures and budgetary fund balance assigned for encumbrances.

b. Appropriations are less than expenditures and encumbrances.

c. Appropriations are more than expenditures and encumbrances.

d. Appropriations are more than estimated revenue.

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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