Encumbrance Accounts Need Not Be Closed at Year-End If the Government

question 13

True/False

Encumbrance accounts need not be closed at year-end if the government is required or intends to honor the encumbrances outstanding at year-end.

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Definitions:

Inattentional Blindness

The failure to notice a fully visible but unexpected object because attention was engaged on another task, event, or object.

Dual Processing

Dual processing theory suggests that thought can arise in two different ways, or as a result of two different processes, often at the conscious and subconscious levels simultaneously.

Change Blindness

A perceptual phenomenon where a change in a visual stimulus goes unnoticed by the observer, indicating the limitations of human attention.

Text Messages

Written messages sent or received over a mobile phone network or the internet.