Which of the Following Events Will Result in a Journal

question 78

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

Compare Canada's position in global leadership with other countries.

Understand the relationship between output levels and various cost measures in the short run.

Identify and analyze the concept of marginal product and its relationship to total and average product.

Calculate and interpret average total, variable, and fixed costs from given data.

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Definitions:

Times

This term in a financial context often relates to ratios, such as the "times interest earned" ratio, which measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.

Compensating Balance

A minimum account balance that a borrower must maintain as a condition for a bank loan, often to compensate the bank for extending credit.

Interest Rate

Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Effective Annual Interest Rate

The real return on an investment after accounting for the effect of compounding interest over a period.