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goji.go goji.go
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Posts: 5977
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9 years ago
The City of Maysville’s General Fund balance sheet for its December 31, 2013 year end shows inventory of $28,000 and prepaid rent of $10,000. The city also had $60,000 of outstanding encumbrances in its General Fund at year-end. In December 2013, a grantor provided the City with $42,000 that must be used to pay musicians who perform in the city’s series of summer concerts in the park during 2014. How much should the city report as nonspendable fund balance in its General Fund on December 31, 2013?
      a.   $10,000
      b.   $28,000
      c.   $38,000
      d.   $42,000
      e.   $60,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
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#3
9 years ago
You're very welcome!
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