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:

Information Processing

The methods by which humans and computers take in, use, and output information, involving stages like perception, analysis, and memory.

Visual Recognition Memory

The ability to recognize previously seen items or individuals, involving processes related to the visual perception and memory systems.

Developmental Measures

Methods or tools used to assess the progress of a child's development in various areas such as cognitive, emotional, and physical growth.

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