Dane uses the purchases method to account for supplies. The following information relates to supplies: Required For items 1 through 10, determine the amounts based solely on the preceding information. 1. What is the amount of 20X2 general fund transfers out? 2. How much should be reported in 20X2 as general fund liabilities from entitlements for c ompensated absences? 3. What is the 20X2 assigned amount of the general fund balance? 4. What is the 20X2 capital projects fund balance? 5. What is the 20X2 fund balance on the special revenue fund for tourist promotion? 6. What
Dane uses the purchases method to account for supplies. The following information relates to supplies: Required For items 1 through 10, determine the amounts based solely on the preceding information. 1. What is the amount of 20X2 general fund transfers out? 2. How much should be reported in 20X2 as general fund liabilities from entitlements for c ompensated absences? 3. What is the 20X2 assigned amount of the general fund balance? 4. What is the 20X2 capital projects fund balance? 5. What is the 20X2 fund balance on the special revenue fund for tourist promotion? 6. What is the amount of 20X2 debt service fund expenditures? 7. What amount should be included in the governmentwide financial statements for the cost of long-term assets acquired in 20X2? 8. What amount stemming from the 20X2 transactions and events decreased the long-term debt liabilities reported in the governmentwide financial statements? 9. Using the purchases method, what is the amount of 20X2 supplies expenditures? 10. What was the total amount of 20X2 supplies encumbrances?
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