Which of the Following Can Complicate the Collection of Data

question 58

Multiple Choice

Which of the following can complicate the collection of data to estimate costs?

• A)inflation and deflation,missing data,and outliers.
• B)allocated and discretionary costs.
• C)mismatched time periods and trade-offs in choosing the time period.
• D)All of the answers are correct.

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Definitions:

Inter-Fund Loans

Financial transactions involving the transfer of resources from one fund within an organization to another, typically within government or nonprofit entities.

Statement of Financial Position

Another term for balance sheet, detailing an entity’s assets, liabilities, and shareholders' equity at a specific point in time.

Consolidated Statements

Financial statements that combine the accounts of a parent company with those of its subsidiaries, presenting the financial performance and position of the group as a single entity.

Encumbrance System

A system used in accounting to reserve portions of appropriated funds to avoid overspending, primarily used by governments.