The City of Brownsville Had a Balance in the Budgetary

question 103

Multiple Choice

The City of Brownsville had a balance in the Budgetary Fund Balance -- Reserve for Encumbrances account at the end of 2013 in the amount of $90,000.During 2014,all purchase orders related to the $90,000 were filled,and the invoice amount was $91,200.Which of the following would be true regarding the Statement of Revenues,Expenditures,and Changes in Fund Balances for 2014? (assume encumbrances do not lapse)

• A) The amount shown for Expenditures would include only the $1,200.
• B) The amount shown for Expenditures would include only the $90,000.
• C) The amount shown for Expenditures would include the $91,200.
• D) The amount shown for Expenditures would not include items related to orders placed in 2013.

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Definitions:

Benefits

Advantages or positive outcomes that result from a particular action or policy.

Cap-And-Trade

An environmental policy tool that sets a limit on emissions and allows companies to trade allowances for emissions as a way to reduce pollutants.

Pollutant Permits

Government-issued licenses allowing the holder to emit a certain amount of pollution; they can be bought and sold, creating an economic incentive for reducing emissions.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.