Due to an Error,the General Fund of Pueblo Did Not

question 43

Multiple Choice

Due to an error,the general fund of Pueblo did not record an encumbrance for police equipment which had been ordered but not received on June 30,20X9,the end of its fiscal year.Pueblo's outstanding encumbrances at year-end are nonlapsing.What was the effect of this error on the balance sheet of Pueblo's general fund?

• A) Assets are overstated.
• B) Liabilities are understated.
• C) Total fund balance is overstated.
• D) Unassigned fund balance is overstated.

---

Definitions:

Socialization

The process through which individuals learn and adopt the norms, values, customs, and behaviors appropriate to their society.

Consciousness

The condition of being conscious and cognizant of the environment, one's thoughts, and emotions.

Cocktail Party Effect

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, almost as if at a noisy party.

Attention

The act of mentally directing focus towards a particular part of the environment, disregarding other elements.