Which of the following items does a government with a modified accrual and encumbrances basis budget report
Question:
Which of the following items does a government with a modified accrual and encumbrances basis budget report differently in its budgetary basis statement of revenues, expenditures, and changes in fund balances-budget and actual-than in its GAAP- based statement of revenues, expenditures, and changes in total fund balances?
a. Personal services expenditures.
b. Encumbrances outstanding.
c. Interfund reimbursements.
d. Proceeds of general long-term debt issuances.
e. Interfund transfers.
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b Encumbrances outstanding In a government with a modified accrual ...View the full answer
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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