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The districts fund balance at the beginning of the fiscal

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A public school district formally adopted an approved budget showing revenues of $500 and expenditures of $490. During the year, actual revenues were $520 and actual expenditures were $480. If the district's fund balance at the beginning of the fiscal year was 0, at the end of the fiscal year it would increase by:

a. $10
b. $30
c. $40
d. $50

Reference no: EM131758442

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