On July 25,20X8,the City of Pullman,which Reports on a Calendar-Year

question 34

Multiple Choice

On July 25,20X8,the city of Pullman,which reports on a calendar-year basis,ordered five police cars at an estimated cost of $200,000.On August 26,20X8,the police cars were received,and the actual cost amounted to $197,000.Pullman encumbered the appropriation for police cars in its general fund when the cars were ordered.When the police cars were received,the general fund of Pullman should:

• A)Credit Budgetary Fund Balance Assigned for Encumbrances for $197,000.
• B)Debit Encumbrances for $200,000.
• C)Debit Expenditures for $197,000.
• D)Credit Budgetary Fund Balance Assigned for Expenditures for $200,000.

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Definitions:

Observed Z Value

A statistical measurement representing the number of standard deviations a data point is from the mean of a set of data.

Sample Mean

The average calculated from a sample of data, representing the central tendency of that sample.

Population Average

The mean value or average of all the values in a population.

Observed Z Value

A statistic measured in a dataset to determine how many standard deviations an element is from the mean.