Campbell County Uses the Consumption Method to Record All Inventories

question 29

Multiple Choice

Campbell County uses the consumption method to record all inventories and prepayments.The County has a 9/30 fiscal year-end.On April 1, 2011, the County purchased a two-year insurance policy at a total cost of $400,000, paying for the policy out of the General Fund.In the fund financial statements, the amount of insurance expenditures for the fiscal year ended 9/30/11 would be

• A)$400,000.
• B)$300,000.
• C)$200,000.
• D)$100,000.

---

Definitions:

Infant Development

The physical, emotional, behavioral, and cognitive growth that occurs in babies from birth to the end of the first year of life.

Prelinguistic Vocalizations

Vocal sounds made by infants before they acquire language, used to experiment with sounds, practice vocalization, and communicate needs or emotions.

Visual Recognition Memory

The capacity to recall and identify visuals that have been seen before.

Receptive Vocabulary

The number of words one understands.