A county uses the consumption method to account for General Fund ...

[tingc95]

A county uses the consumption method to account for General Fund materials and supplies. The beginning inventory of materials and supplies was 122,000 . The ending inventory was 150,000 .
 
  The beginning balance of reserve for encumbrances (for supplies ordered but not received at the beginning of the year) was 50,000; the ending balance was 20,000 . Supplies purchased during the year totaled 750,000 . The county General Fund should report expenditures for materials and supplies for the year of
  A. 722,000.
  B. 750,000.
  C. 752,000.
  D. 780,000.

Question 2

The degree to which information includes data about every relevant object or event necessary to make a decision is
 a. accuracy
  b. completeness
  c. neutrality
  d. comparability

[b614102004]

Answer to Question 1

A

Answer to Question 2

B

[tingc95]

Gracias!

[ryansturges]

Excellent