At the end of the current year, a government reports a fund balance reserved for encumbrances of
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At the end of the current year, a government reports a fund balance reserved for encumbrances of $9,000. What information is being conveyed?
a. A donor has given the government $9,000 that must be used in a specified fashion. LO9
b. The government has made $9,000 in commitments in one year that will be honored in the sub¬ sequent year.
c. Encumbrances exceeded expenditures by $9,000 during the current year.
d. The government spent $9,000 less than was appropriated.
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Related Book For 
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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