Which of the following events will result in a journal entry being recorded in both the budgetary and proprietary accounts of a federal agency?
A. Treasury notifies the agency that Congress passed legislation (signed by the President) granting budgetary authority to fund its activities.
B. The agency places orders for goods or services.
C. All of the above events will result in a journal entry being recorded.
D. None of the above events will result in a journal entry being recorded.
Answer: A
You might also like to view...
Answer the following statements true (T) or false (F)
1.A subsidy granted to import-competing producers is intended to lead to increased domestic production and decreased imports for the home country. 2.A subsidy granted to an import-competing producer shifts its supply schedule outward to the right. 3.A subsidy granted to an import-competing producer imposes a deadweight loss on the domestic economy equal to the redistribution effect plus consumption effect. 4.A subsidy granted to import-competing producer reduces overall domestic welfare by the same amount as would a tariff or quota that restricts imports by the same amount. 5.To the extent that subsidies granted to exporting firms reduce the foreign price of their goods, the subsidizing country's terms of trade worsen.
Explain product line pricing. Provide an example
What will be an ideal response?
A movie theater seat is an example of _____________
a. renting durable goods b. closely engaging customers in the service process c. renting portions of a larger physical entity d. the centrality of time to services e. differences in customer choice criteria
The most useful budget figures are developed:
A. By the budget committee. B. After the accounting period has begun. C. By the CEO. D. From the "top-down". E. From the "bottom-up" following a participatory process.