An Encumbrance Represents the Estimated Future Liability for Goods or Services

question 76

True/False

An encumbrance represents the estimated future liability for goods or services resulting from placing a purchase order or signing a contract.

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Definitions:

H. Sapiens

Homo sapiens, the species name for modern humans, characterized by bipedalism and complex brain development.

Bipedal Locomotion

The ability to move by walking on two legs, characteristic of humans and some animals.

Supraorbital Ridges

The bony ridges located above the eye sockets, prominent in some primates including humans.

Homo Sapiens

The scientific name for modern humans, a species known for complex brain development, upright posture, and advanced social behaviors.