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. Each classification of expenditure may be used once, more than once, or not at all.
-Interest on long-term debt that is due in the next year.
A) Expenditures - Operating
B) Expenditures - Intergovernmental
C) Expenditures - Capital Outlay
D) Expenditures - Debt Service Principal
E) Expenditures - Debt Service Interest
F) Not a General Fund expenditure
G) Event reduces expenditure (also identify which of above expenditures would be reduced)
Correct Answer:
Verified
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