community college, a public institution, had the following encumbrances at december 31, 20x1: outstanding purchase orders $12,000 commitments for services not received 50,000 what amount of these encumbrances should be reported as liabilities in community's balance sheet at december 31, 20x1?

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05-10-2022
Business

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community college, a public institution, had the following encumbrances at december 31, 20x1: outstanding purchase orders $12,000 commitments for services not received 50,000 what amount of these encumbrances should be reported as liabilities in community's balance sheet at december 31, 20x1?

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