Answered: In a governmental fund, which of the…

In a governmental fund, which of the following is considered an expenditure? a. The purchase of a capital asset b. The consumption of supplies c. Salaries earned by employees d. All of the above

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 32GI: What is a fund? Distinguish between a fund and an appropriation of retained earnings.

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Question

In a governmental fund, which of the following is considered an expenditure?
a. The purchase of a capital asset
b. The consumption of supplies
c. Salaries earned by employees
d. All of the above

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