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SEQ CHAPTER \H \R 1Listed Below in the Left Column

Question 13

Essay

SEQ CHAPTER \h \r 1Listed below in the left column are events that may or may not be expenditures for the General Fund. Listed in the right column are the classifications of expenditures for governmental funds. Correctly match each event with the appropriate expenditure classification. Unless specifically stated otherwise, assume all amounts have been incurred. If the event is not an expenditure, state how the event would be reported in the current year General Fund financial statements.
SEQ CHAPTER \h \r 1Listed below in the left column are events that may or may not be expenditures for the General Fund. Listed in the right column are the classifications of expenditures for governmental funds. Correctly match each event with the appropriate expenditure classification. Unless specifically stated otherwise, assume all amounts have been incurred. If the event is not an expenditure, state how the event would be reported in the current year General Fund financial statements.

Correct Answer:

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1. E
2. F - reported as a capital outlay...

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