Author Question: Interpreting refers to reviewing events that have taken place and determining how they affect a ... (Read 31 times)

sabina · **on:** Jul 5, 2018

Interpreting refers to reviewing events that have taken place and determining how they affect a business.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The City of Kent has estimated that it will spend 4,500,000 and have revenues of 4,800,000 next year. At the beginning of its new fiscal year, it will need to:

a. debit estimated expenditures for 4,500,000
b. debit estimated revenues for 4,800,000
c. debit budgetary fund balance for 300,000
d. debit appropriations for 4,500,000
e. none of the above.