Goods Ordered and Originally Encumbered at $7,500 Were Received with an Invoice

question 20

Multiple Choice

Goods ordered and originally encumbered at $7,500 were received with an invoice price of $7,700. In recording this event,

• A)Encumbrances would be debited for $200.
• B)Fund Balances--Assigned would be debited for $7,700.
• C)Expenditures would be debited for $7,700.
• D)Appropriations would be debited for $200.

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Definitions:

Interactive

Pertaining to digital content or systems that allow for two-way communication or engagement between the user and the content or system.

Web 1.0

Web 1.0 refers to the first stage of the World Wide Web evolution, characterized by static pages and a lack of interactive content or user-generated content.

Web 2.0

The second generation of the web, characterized by user-generated content, usability, and interoperability for end users.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.