Answer:
$5000
Explanation:
Since Elm City issued a purchase order for supplies with an estimated cost of $5,000, although when the supplies were received, the accompanying invoice indicated an actual price of $4,950, the amount that Elm should credit to encumbrances outstanding in its general fund after the supplies and invoice were received; is $5000
Notice that encumbrances are set aside funds for a purpose, therefore upon ordering, encumbrances balance would increase, and Elm would have passed the following entry
Dr. Encumbrances...$5000
Cr. Fund Balance.....................$5000
Therefore even if the supply came with a shortfall in amount, in order for Elm City to show that the purpose for making that encumbrance has been met, it has to be liquidated by crediting the Encumbrance account by the full amount of $5000
Answer:
A
Explanation:
in this question, we are to select from the options which is the correct answer.
Option A is the correct answer
The Fed can only soften the magnitude of recession, not eliminate them
This is because the fed introduced monetary policy and it’s only implemented to offset the effect so he would be able to relax the effect of recession and high expansion it only suggest mid way to offset the effect of low and high economic activities.
Without actually saying what was wrong with the program, Beth alluded to walking around the space. Jerry is lucky with a lady and Beth recalls her childhood. After learning that a father of one her childhood friends, Tommy, is set to be executed for the murder of the said friend, Beth remembers how she tried to deal with his disappearance via imagining that he got lost in her imaginary international referred to as "Froopyland" and laughs at how stupid it becomes.
Answer:
The client is insolvent since the client's liabilities exceed the fair market value of the client's assets by $20,000
Explanation:
