Shoshone County Uses the Consumption Method to Account for Supplies

question 70

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:

Constructive Coping

Strategies and techniques that aim to manage stressful situations and emotions in a positive and adaptive way.

Defensive Coping

Psychological strategies employed to protect oneself from anxiety, stress, or unacceptable thoughts and feelings.

Unhealthy Coping

Strategies or actions that are ineffective, maladaptive, or detrimental to one's mental or physical health in response to stress.

Health Responses

The ways in which individuals react or respond to health challenges or medical treatment, including changes in behavior, emotion, or physical condition.