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:

Social Issues

Collective concerns or problems within society that are perceived by significant numbers of people as being undesirable and requiring remediation or intervention.

H-form Design

A type of organizational structure characterized by a multidivisional model, with each division operating as a separate business or profit center.

Organizational Design

The process of shaping an organization's structure and roles to align with its objectives and strategies.

Closely Related

Describes entities or concepts that have a strong connection or association with each other.