Author Question: Restricted fund balance in the General Fund can be the result of A. A city budget director ... (Read 71 times)

scienceeasy · **on:** Jul 6, 2018

Restricted fund balance in the General Fund can be the result of

A. A city budget director setting aside funds to be spent for city street improvement.
B. Donors requiring monies given to a city where the donation must remain intact but the earnings can be spent for park beautification.
C. A city council passing enabling legislation that requires proceeds from a newly authorized sales tax be spent on a downtown revitalization project.
D. A city council taking a formal action to set aside money for a future contract.

Question 2

Cost of goods available for sale is equal to
a. delivered cost of purchases minus Freight In.
b. delivered cost of purchases plus Freight In.
c. delivered cost of purchases plus beginning inventory.
d. delivered cost of purchases minus beginning inventory.
e. Freight In plus ending inventory.