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The Mustard City fund has formally integrated the budget into its accounting records. At the end of the third quarter the ledger account "Expenditures--salaries" has a $100,000 debit balance. Which of the following is a true statement? A) The entity has $100,000 available to spend on salaries B) The entity has incurred salaries in the amount of $100,000 C) The entity had paid salaries in the amount of $100,000 D) The entity has overspent its budget for salaries by $100,000
Sagot :
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