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:

Standard Deviation

A parameter for evaluating the breadth of dispersion or difference in a set of figures.

Sample Proportion

The fraction of items in a sample meeting a certain criterion, representing a subset of the population fraction with that characteristic.

Sample Mean

The average value of a sample set of numbers, calculated by adding up all the observations and dividing by the number of observations.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the accuracy of the sample mean compared to the population mean.