The City of Corning General Fund reported the following at year-end,prior to closing entries: Revenues,$11,000,000; Expenditures,$9,900,000; Other Financing Uses,$500,000; Other Financing Sources,$300,000; Encumbrances,$600,000.Assume the beginning unassigned fund balance was $1,000,000,what is the amount that would be reported as ending unassigned fund balance?
A) $1,400,000.
B) $1,900,000.
C) $1,300,000.
D) Cannot be determined without information concerning constraints placed on the fund's resources.
Correct Answer:
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