A Budgetary Comparison Schedule Presented as Required Supplementary Information for the General

question 22

Multiple Choice

A budgetary comparison schedule presented as required supplementary information for the general fund should report variances for the difference between:
I.Original budget amounts and final budget amounts.
II.Final budget amounts and actual amounts.

• A)I only
• B)II only
• C)Both I and II
• D)Neither I nor II

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Definitions:

Proximity

The principle suggesting that objects that are physically close to each other tend to be perceived as belonging together.

Closure

The psychological term that describes an individual's desire or tendency to seek a sense of completeness or wholeness in perceiving or organizing information or experiences.

Continuation

The process of extending or carrying something on over a period of time.