READING 1 / QUICK QUIZ

A Budget Across Two Seasons

3 questions. Choose the meaning or usage that best fits each situation. Try answering before reopening the passage.

1What does expenditure record in this account?A. The order in which the actors enter the stage.B. Money spent for purposes such as paint, costumes, and room hire.C. Only the money remaining after all requirements are met.D. The number of volunteers who attend each rehearsal.

2The theater's twelve-month accounting period, which starts in September, is its _____.A. rehearsal cycleB. fiscal yearC. opening nightD. calendar quarter

3Which amount qualifies as a surplus in the report's stated sense?A. A shortfall between expected costs and available funds.B. Money left after the group's identified needs and commitments have been covered.C. The full price of scenery the group has already purchased.D. Money needed for an existing booking that has not yet been paid.

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