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At the End of the 2014 Fiscal Year the General

Question 43

Multiple Choice

At the end of the 2014 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2015.In 2015 the encumbered goods were received at an invoiced cost of $520.How much would be recorded as the 2015 expenditure?


A) $0.
B) $20.
C) $500.
D) $520.

Correct Answer:

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