Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Acityencumbers$15,000inYear1foracomputerserver,andtheactualcostincurredinYear2is$12,000.Assumingtheencumbrancewascarriedover,theimpactonunreservedfundbalanceis: a.Year1:increase$15,000;Year2:decrease$12,000 b.Year1:decrease$15,000;Year2:increase$3,000 c.Year1:noeffect;Year2:decrease$12,000 d.Year1:decrease$15,000;Year2:decrease$12,000
- Acityencumbers$15,000inYear1foracomputerserver,andtheactualcostincurredinYear2is$12,000.Assumingtheencumbrancewascarriedover,theimpactonunreservedfundbalanceis:
- a.Year1:increase$15,000;Year2:decrease$12,000
- b.Year1:decrease$15,000;Year2:increase$3,000
- c.Year1:noeffect;Year2:decrease$12,000
- d.Year1:decrease$15,000;Year2:decrease$12,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started