The General Fund of Athens Ordered Computer Equipment on December

question 26

Multiple Choice

The general fund of Athens ordered computer equipment on December 1,2008,for $32,000.The order was appropriately encumbered on this date.Athens received the computer equipment on January 25,2009,and issued a voucher to pay the vendor $32,400.Athens uses the calendar year for reporting,and all outstanding encumbrances lapse at year-end.Athens' governing board honors all outstanding encumbrances by including them in the following year's appropriations.On January 25,2009,the general fund of Athens should debit:

• A)Encumbrances for $32,000.
• B)Fund Balance-Reserved for Encumbrances for $32,400.
• C)Expenditures-2008 for $32,400.
• D)Expenditures for $32,400.

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Definitions:

Argumentum Ad Populum

A fallacious argument that concludes a proposition to be true because many or most people believe it.

Popular Belief

An opinion or conviction that is widely held by the general population, regardless of whether it is based on fact or fiction.

False Analogy

A logical fallacy where an analogy is used to argue or conclude something, but the analogy is misleading or incomparable due to significant differences between the two situations.

Speaker Attack

A form of criticism or assault directed towards the person speaking, rather than addressing the argument itself.