The General Fund of Park City Acquired Computer Equipment at a Cost

question 55

Multiple Choice

The general fund of Park City acquired computer equipment at a cost of $50,000 on May 18,2009.To record acquisition of this equipment,the general fund of Park City should debit:

• A)expenditures.
• B)encumbrances.
• C)equipment.
• D)vouchers payable.

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Definitions:

Implicit Memory

A type of memory that consists of skills and routines that are performed automatically, without conscious thought.

Dentist Visits

Regular or occasional appointments with a dental care professional for the maintenance of oral health.

Memory Storage

The process by which information is encoded, stored, and retrieved in the brain, allowing for the retention of experiences and knowledge over time.

Context-dependent Memory

The enhanced ability to retrieve information when the context present at encoding and retrieval are the same.