Correctly Match Each Event with the Appropriate Expenditure Classification

question 52

Multiple Choice

Correctly match each event with the appropriate expenditure classification. Unless specifically stated otherwise, assume all amounts have been incurred. If the event is not an expenditure, state how the event would be reported in the current year General Fund financial statements. Each classification of expenditure may be used once, more than once, or not at all.
-Interest on long-term debt that is due in the next year.

• A)Expenditures - Operating
• B)Expenditures - Intergovernmental
• C)Expenditures - Capital Outlay
• D)Expenditures - Debt Service Principal
• E)Expenditures - Debt Service Interest
• F)Not a General Fund expenditure
• G)Event reduces expenditure (also identify which of above expenditures would be reduced)

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Definitions:

Mathematics

The abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).

Conclusive Cause and Effect Relationship

A relationship where changes in one variable result in changes in another, with no alternative explanation.

Descriptive/Correlational Research

A research method that involves observing and measuring phenomena to describe them and assess relationships between variables without manipulating them.

Control Events

The capacity to influence or direct the course of events through one's actions.