Discretionary Expenditures Are Federal Government Expenditures for Programs Whose Funds

question 85

True/False

Discretionary expenditures are federal government expenditures for programs whose funds are authorized and appropriated by Congress and signed by the President,where explicit decisions are made on the size of the programs.

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Definitions:

Retrospective Approach

An accounting method that applies a new policy or standard to transactions, events, and conditions as if the new policy or standard had always been in effect.

Accounting Change

An alteration in accounting principles, estimates, or reporting methodologies in the preparation and presentation of financial statements.

Company Acquires

Involves the process through which one company purchases most or all of another company's shares to gain control of that company.

Merger

The combination of two or more companies into one entity to enhance competitiveness and efficiency.