Which of the Following Events Will Result in a Journal

question 68

Multiple Choice

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) OMB establishes the amount of the total appropriation that the agency may expend in the first quarter.
• B) Goods or services are received and approved for payment.
• C) Both (a) and (b)
• D) Neither (a) nor (b)

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Definitions:

Good Batteries

Indicate batteries that are fully functional, holding charge as expected and not defective.

Random Variable X

A numerical value variable that is the result of a random occurrence.

Expected Value

The anticipated value of a random variable, calculating the mean of all possible values weighted by their probabilities.

Soccer Team

A group of players formed to compete in soccer matches, typically consisting of eleven players.