In Fiscal Year 2017 the "Expenditures-2016" Account Represents

question 62

Multiple Choice

In fiscal year 2017 the "Expenditures-2016" account represents

• A) Excess expenditures in 2016 that will be offset against appropriations for 2017.
• B) Goods or services received in 2016 which the government has no record of ordering.
• C) Amount of expenditures for goods ordered in 2016 that were received in 2017 and chargeable to appropriations of 2016.
• D) The amounts of purchase orders issued in 2016 that were intended to be paid in full from appropriations for 2017.

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Definitions:

Mid-Eighteenth Century

Pertains to the period approximately between 1730 and 1769, marked by significant developments in politics, culture, and economic structures worldwide.

Glorious Revolution

The peaceful overthrow of King James II of England in 1688, leading to the reign of William and Mary, and the establishment of constitutional monarchy.

Colonists

Individuals or groups that settle in a new country or area, often establishing colonies under the control of a mother country.

Birthright

A right or privilege that one is entitled to at birth, often pertaining to citizenship or familial inheritance.