FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of the 2014 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2015.In 2015 the encumbered

At the end of the 2014 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2015.In 2015 the encumbered goods were received at an invoiced cost of $520.How much would be recorded as the 2015 expenditure?

a. $520

b. $500

c. $0

d. $20

Step by Step Solution

★★★★★

3.31 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

2015 expenditure 201... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Financial Accounting

Authors: Robert Libby, Patricia Libby, Daniel Short

8th edition

78025559, 978-0078025556

More Books

Students also viewed these Accounting questions

Question

★★★★★
The records at the end of January 2014 for All Star Company showed the following for a particular kind of merchandise: Inventory, December 31, 2013, at FIFO: 19 units @ $ 12 = $ 228 Inventory,...

Answered: 1 week ago

Question

★★★★★
At the end of the 2014 annual reporting period, Barnard Corporations baiance sheet showed the following: During 2015, the following selected transactions (summarized) were completed: a. Sold and...

Answered: 1 week ago

Question

★★★★★
At the end of the 2014 annual reporting period, Mesa Industries, balance sheet showed the following: During 2015, the following selected transactions (summarized) were completed: a. Sold and issued...

Answered: 1 week ago

Question

★★★★★
please give a screen shot of the code and explainIneed a screen shot of code and explain Assume that \( n, z(1: n), L, R \), and \( a(1: 6) \) are available. Write an efficient Matlab script that...

Answered: 1 week ago

Question

★★★★★
What has been learned about (a) recidivism and (b) treatment of the criminal psychopath?

Answered: 1 week ago

Question

★★★★★
The S&P 500 Index is currently at 1,800. You manage a $9 million indexed equity portfolio. The S&P 500 futures contract has a multiplier of $250. a. If you are temporarily bearish on the stock...

Answered: 1 week ago

Question

★★★★★
What opportunities exist for raises and advancement?

Answered: 1 week ago

Question

★★★★★
Barret Cameron, a student in Professor Wagners managerial accounting course, asked the following question. In the first accounting course, the teacher said inventory costs flow on a FIFO, LIFO, or...

Answered: 1 week ago

Question

★★★★★
Charleston Company has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records: Cost Retail Merchandise...

Answered: 1 week ago

Question

★★★★★
1. Map Crayola's five pillars of operational leadership to the competitive priorities in Table 1.3. 2. Create an assessment of Crayola's competitive priorities as it relates to their Asian expansion...

Answered: 1 week ago

Question

★★★★★
Find the output of an LTI system whos impulse response h[n]=[N 2], and x[n]=[ 112] *

Answered: 1 week ago

Question

★★★★★
Modify the Horizontal (Value) Axis so that Maximum bound is 11000. Keep the Format Axis task pane displayed

Answered: 1 week ago

Question

★★★★★
23 'I' The average student Loan debt for college graduates is $25,950. Suppose that that distribution is normal and that the standard deviation is $13,550. Let X = the student loan debt of a randomly...

Answered: 1 week ago

Question

★★★★★
The system below is in balance. In the CB string, the force modulus is 2400 N. The mass suspended from point D is 60 kg. The centre of mass of the rod shall be 2,0 m from point A. wwwwww B 0.5 m D 3...

Answered: 1 week ago

Question

★★★★★
Telehealth is increasingly being used by counselors. Counselors report they struggle with providing quality counseling to children through telehealth. Read "A Randomized Controlled Trial of...

Answered: 1 week ago

Question

★★★★★
Solville Motors Co. makes motorcycles Managment wants to estimate overhead costs to plan its operations. A recent trade publication revealed that overhead costs tend to vary with machine hours. to...

Answered: 1 week ago

Question

★★★★★
Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2016 (unless otherwise indicated), are as follows:...

Answered: 1 week ago

Question

★★★★★
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36

Answered: 1 week ago

Question

★★★★★
In its annual report, Caterpillar, Inc., a major manufacturer of farm and construction equipment, reported the following information concerning its inventories: Inventories are stated at the lower of...

Answered: 1 week ago

Question

★★★★★
Painter Corporation was organized by give individuals on January 1, 2013. At the end of January 2013, the following monthly financial data are available: No dividend was declared or paid during 2013....

Answered: 1 week ago

Question

★★★★★
Peets Coffee & Tea, Inc., is a specialty coffee roaster and marketer of branded fresh-roasted whole bean coffee. It recently disclosed the following information concerning the Allowance for Doubtful...

Answered: 1 week ago

Question

★★★★★
Let B = (5.0 m, 30 counterclockwise from vertical). Find the x- and y-components of in each of the two coordinate systems shown in FIGURE EX3.18. Figure Ex 3.18 (a) (b)

Answered: 1 week ago

Question

★★★★★
What are the x- and y-components of the velocity vector shown in FIGURE EX3.19? Figure Ex 3.19

Answered: 1 week ago

Question

★★★★★
FIGURE P3.25 shows vectors Find vector Such that Write your answer in component form. Figure P3.25

Answered: 1 week ago

Previous Question Next Question