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TheCityofGreenburghadabalanceintheFundBalance-ReservedforEncumbrancesaccountattheendof2016,$30,000.During2017allpurchaseordersrelatedtothe$30,000werefilled,andtheinvoiceamountspaidwere$30,500.WhatamountofexpenditureswouldbeshownontheStatementofRevenues,ExpendituresandChangesinFundBalancesfor2017? a.$500 b.$30,000 c.$30,500 d.$0;2017wouldnotshowitemsrelatedtoordersplacedin2016.
TheCityofGreenburghadabalanceintheFundBalance-ReservedforEncumbrancesaccountattheendof2016,$30,000.During2017allpurchaseordersrelatedtothe$30,000werefilled,andtheinvoiceamountspaidwere$30,500.WhatamountofexpenditureswouldbeshownontheStatementofRevenues,ExpendituresandChangesinFundBalancesfor2017?
a.$500
b.$30,000
c.$30,500
d.$0;2017wouldnotshowitemsrelatedtoordersplacedin2016.
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