The General Ledger of Broadway Contains the Following Selected Account

question 44

Multiple Choice

The general ledger of Broadway contains the following selected account balances: Broadway wants to order additional goods and services before the fiscal year end.What is the unencumbered balance of the budget that may be expended by Broadway?

• A) $850,000
• B) $760,000
• C) $180,000
• D) $130,000

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Definitions:

Validity

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Handwritten Instrument

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Pertains to documents or instruments that are transferable from one person to another through endorsement or delivery, thereby allowing the holder to take title.

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A term describing instruments or securities that cannot be transferred or assigned to another party.