The general fund has the following budget: $400,000 in estimated revenues, $410,000 in appropriations,
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Question:
The general fund has the following budget:
• $400,000 in estimated revenues,
• $410,000 in appropriations,
• $20,000 in estimated other financing sources, and
• $25,000 in estimated other financing uses.
If the general fund's balance in fund balance–unassigned was $60,000 at the beginning of the year, before the budget entry, what is its balance after the budget entry?rn
Related Book For
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley
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