4. Reserve for encumbrance accounts in general fund balance sheets at year-end indicate: a The amount of

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4. Reserve for encumbrance accounts in general fund balance sheets at year-end indicate:

a The amount of net position required to complete the transaction(s) in the succeeding period b Noncompliance with GAAP c Cash on hand d Valuation reserves

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Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

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