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Discuss how much would be recorded as the expenditure

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Reference no: EM131766092

At the end of the 2017 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2018. In 2018 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2018 expenditure?

$520.
$20.
$500.
$0.

Reference no: EM131766092

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