The following information pertains to Pine City's general fund for Year 1: Appropriations $6,500,000 Expenditures $5,000,000 Other financing sources $1,500,000 Other financing uses $2,000,000 Revenues $8,000,000 After Pine City's general fund accounts were closed at the end of Year 1, the fund balance increased by $3,000,000 $2,500,000 $1,500,000 O $1,000,000
The following information pertains to Pine City's general fund for Year 1: Appropriations $6,500,000 Expenditures $5,000,000 Other financing sources $1,500,000 Other financing uses $2,000,000 Revenues $8,000,000 After Pine City's general fund accounts were closed at the end of Year 1, the fund balance increased by $3,000,000 $2,500,000 $1,500,000 O $1,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information pertains to Pine City's general fund for Year 1:
Appropriations
$6,500,000
Expenditures
$5,000,000
Other financing sources
$1,500,000
Other financing uses
$2,000,000
Revenues
$8,000,000
After Pine City's general fund accounts were closed at the end of Year 1, the fund balance
increased by
O $3,000,000
$2,500,000
$1,500,000
O $1,000,000
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