Question
The City of Tampa had $50,000 of purchase orders outstanding at December 31, 2017 that they will honor in 2018. To re-establish the encumbrance in
The City of Tampa had $50,000 of purchase orders outstanding at December 31, 2017 that they will honor in 2018. To re-establish the encumbrance in 2018:
I. Encumbrance (2017) is credited for $50,000
II. Fund Balance is increased by $50,000
A. I only B. II only C. Both I & II D. Neither I nor II
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Managerial Accounting For Managers
Authors: Eric Noreen
1st Edition
73526975, 978-0073526973
