Assume that Congress enacted an appropriation for a federal agency in the amount of $500,000 . The proprietary entry that would be necessary would be
Debit Credit
A. Fund Balance with Treasury
Unexpended Appropriations $500,000
$500,000
B. Cash
Appropriations $500,000
$500,000
C. Appropriation Realized
Unapportioned Authority $500,000
$500,000
D. Cash
Obligations $500,000
$500,000
A
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Gregory borrows $200,000 from Mountain Bank to purchase a plot of land, and Mountain Bank perfects its security interest. Gregory defaults on the loan, and owes an outstanding balance of $80,000
His house has gone down in value to $160,000 at the time of default, but he has other personal assets to satisfy the debt. Which of the following is a course of action for Mountain Bank to recover the debt after foreclosing on the loan? A) proceed to judgment against Gregory B) file a financing statement C) release a termination statement D) proceed to repossess the collateral
In a short essay, discuss Porter's focus strategy
What will be an ideal response?