Multiple Choice
Use the following to answer the next two questions:
The City of Park Ridge reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2015. During that year, expenditures amounted to $16,200,000 (related to current year purchase orders) . In addition, $600,000 in encumbrances had been issued this year, but not filled.
-The amount that Park Ridge would report for expenditures (and encumbrances,if applicable) in its 2015 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.
Correct Answer:

Verified
Correct Answer:
Verified
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