The City of Ames Uses the Consumption Method to Report

question 65

Multiple Choice

The City of Ames uses the consumption method to report its inventory of supplies on its general fund balance sheet.What account is debited in the general fund when Ames acquires supplies?

• A)Expenditures
• B)Inventory of Supplies
• C)Supplies Expense
• D)Fund Balance-Nonspendable

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Definitions:

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Introversion

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation.

Best-Adjusted

Describes individuals who are able to manage and adapt to various life challenges and changes in a healthy and effective manner.

Responsibilities

Duties or tasks that an individual is required or expected to carry out.