Which of the Following Actions Will Reduce the Balance in the Budgetary

question 3

Multiple Choice

Which of the following actions will reduce the balance in the budgetary account "Allotments - realized resources"?

• A)Administering department makes a quarterly allotment to the agency.
• B)Agency,which uses commitment accounting,makes a commitment to acquire materials.
• C)Agency sends disbursement schedule to Treasury requesting payment of invoice.
• D)Agency makes year-end accrual for unbudgeted,but accrued vacation pay,

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Definitions:

Financing Activities

Transactions with creditors and investors used to fund a company through borrowing or selling equity.

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, measuring how efficiently assets are used to generate profit.

Net Income

The amount of money a corporation earns post all deductions for taxes and expenditures from its income.

Total Assets

The sum of all assets owned by a company, including cash, investments, equipment, and property, as recorded on the balance sheet.