Shoshone County Uses the Consumption Method to Account for Supplies

question 7

Multiple Choice

Shoshone County uses the consumption method to account for supplies.At the beginning of the year the City had no supplies on hand.During the year the City purchased $450,000 of supplies for use by activities accounted for in the General Fund.The City used $300,000 of those supplies during the year.At fiscal year-end, the appropriate account balances on the General Fund financial statements would be

• A)Expenditures $450,000; Supplies inventory $150,000.
• B)Expenditures $450,000; Supplies inventory $0.
• C)Expenditures $300,000; Supplies inventory $150,000.
• D)Expenditures $300,000; Supplies inventory $0.

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Definitions:

Conscious Experience

The awareness of internal and external events or stimuli, including thoughts, feelings, and sensations.

Historical Schools

Intellectual groups or movements in history that have had a significant impact on teaching and learning in their time and have contributed to the evolution of educational thought and practice.

Structuralism

A theory of consciousness developed by Wilhelm Wundt and his student Edward Bradford Titchener, focusing on breaking down mental processes into the most basic components.

Stream Of Consciousness

A narrative mode or method that attempts to capture the flow of thoughts and feelings that pass through the mind.