4 15 16 How should assets on a balance sheet be primarily classified? Select the single best answer: Afixed, intangibles, and surplus B. profit, loss, and current C. earned, capital, and appraised D. current, fixed, and long term Which one of the following items would NOT be included in an operating expense group? Select the single best answer: A. cash-on-hand account B. salaries and wages C. supplies used D. travel expense What is the general purpose of a provision for encumbrance of funds? Select the single best answer: A. the assurance that unit costs will be maintained at a minimum B. the assurance that standardization of purchases will be assured C. the assurance that purchases are not in excess of available funds D. the assurance that purchasing funds are equitably distributed among departments