The "Reserve for Encumbrances-Prior Year" Account Represents Amounts Recorded by a Governmental

question 1

Multiple Choice

The "reserve for encumbrances-prior year" account represents amounts recorded by a governmental unit for:

• A) anticipated expenditures in the next year.
• B) expenditures for which purchase orders were made in the prior year but disbursement will be in the current year.
• C) excess expenditures in the prior year that will be offset against the current-year budgeted amounts.
• D) unanticipated expenditures of the prior year that become evident in the current year.

---

Definitions:

Annual Snowfall

The total amount of snow that falls within a specific geographic area over the course of a year.

Mean

The average of a data set, found by adding all the numbers together and dividing by the quantity of numbers.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the individual values differ from the mean of the values.

Newborn Infant

A very young baby, typically defined as being less than one month old.