The Amount That Park Ridge Would Report for Expenditures and Encumbrances

question 45

Multiple Choice

The amount that Park Ridge would report for expenditures and encumbrances, if applicable in its 2017 General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances GAAP Basis would be:

• A) $600,000.
• B) $16,200,000.
• C) $16,800,000.
• D) Not enough information is provided to calculate the solution.

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Definitions:

Tolerance Of Ambiguity

An individual's capacity to remain productive and unfazed in situations that are uncertain or unclear.

Project Manager

A professional responsible for planning, executing, monitoring, controlling, and closing projects while managing the team and resources to achieve project goals.

Sensing Types

Personality traits or preferences that focus on gathering information through the five senses, a concept often discussed in Myers-Briggs type indicators.

Myers-Briggs Type Indicator

A psychometric tool designed to measure psychological preferences in how people perceive the world and make decisions, resulting in a 16-type typology.