pe naut geh PROBLEMS 1. What is the year-end balance if the cash basis of accounting is used? What is the balance if the modified accrual basis is used? $420,000 Beginning-year fund balance • Year-end revenues $8,920,000 • Year-end expenditures $8,875,000 $259,000 • Year-end outstanding purchase orders $206,000 • Year-end contractual commitments

pe naut geh PROBLEMS 1. What is the year-end balance if the cash basis of accounting is used? What is the balance if the modified accrual basis is used? $420,000 Beginning-year fund balance • Year-end revenues $8,920,000 • Year-end expenditures $8,875,000 $259,000 • Year-end outstanding purchase orders $206,000 • Year-end contractual commitments

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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