A Governmental Entity Has Formally Integrated the Budget into Its

question 35

Multiple Choice

A governmental entity has formally integrated the budget into its accounting records. At the end of the third quarter the ledger account "Expenditures--salaries" has a $100,000 debit balance. Which of the following is a true statement?

• A) The entity has $100,000 available to spend on salaries.
• B) The entity has incurred salaries in the amount of $100,000.
• C) The entity had paid salaries in the amount of $100,000.
• D) The entity has overspent its budget for salaries by $100,000.

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Definitions:

Elaborative Rehearsal Cue

A memory technique involving the linking of new information to existing knowledge through the creation of meaningful associations.

Structural Cue

Visual or auditory information that helps to understand the organization or structure of an environment or object.

Declarative Memories

Memories that are retrievable through conscious effort, involving facts and episodes.

Nondeclarative Memories

Memories that are gained through experience and practice, such as skills or habits, that we are not consciously aware of.