An Interim Schedule Comparing the Detail of Appropriations,expenditures,and Encumbrances Should

question 53

True/False

An interim schedule comparing the detail of appropriations,expenditures,and encumbrances should be prepared on an appropriate periodic basis to determine whether appropriations are being expended at the expected rate for the period and for the budget year to date.

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Definitions:

Market Rate

The market rate refers to the prevailing interest rate available in the marketplace for transactions of a similar nature.

Bonds

Fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental.

Par

The face value of a bond or stock, at which it is issued or can be redeemed before maturity.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company.