Which of the following is (are) accurate regarding a federal agency's Statement of Budgetary Resources?

A. Neither the statement "Outlays are measured using the budgetary basis of accounting" nor "The statement reports the status of budgetary resources at year end." is true.
B. The statement reports the status of budgetary resources at year end.
C. Outlays are measured using the budgetary basis of accounting.
D. Both the statements "Outlays are measured using the budgetary basis of accounting" and "The statement reports the status of budgetary resources at year end." are true.


Answer: D

Business

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