A Certain Government Passed Its Budget for the Fiscal Year

question 101

Multiple Choice

A certain government passed its budget for the fiscal year ended December 31, 2017. Estimated Revenues amounted to $13,000,000; Appropriations amounted to
$12,000,000; Estimated Other Financing Uses amounted to $700,000; and Estimated Other Financing Sources amounted to $200,000. In the budgetary entry combining entry:

• A) Budgetary Fund Balance would be credited for $500,000.
• B) Budgetary Fund Balance would be debited for $500,000.
• C) Budgetary Fund Balance would be debited for $1,000,000.
• D) Budgetary Fund Balance would be credited for $1,500,000.

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Definitions:

Defense Mechanisms

Psychological strategies employed by individuals to cope with reality and maintain self-image by unconsciously denying or distorting reality.

Internal Stimuli

Events or occurrences within an individual's body that can influence thoughts, feelings, and behaviors.

Moral Beliefs

Ideals or principles that an individual holds regarding what is right and wrong or good and bad in behavior.

Defense Mechanisms

Psychological strategies used by the mind to protect itself from anxiety and to manage emotional conflict and distress.