Which of the Following Is Correct with Respect to the Statement

question 89

Multiple Choice

Which of the following is correct with respect to The Statement of Budgetary Resources?

• A) The Statement of Budgetary Resources follows the budgetary not accrual) basis of accounting.
• B) The statement provides information on how budgetary resources were obtained and the status of those resources at year-end.
• C) The budgetary basis of accounting is prescribed by OMB, not FASAB.
• D) All of the above statements are correct.

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Definitions:

Productivity Growth

The increase in the output of goods and services per unit of input, such as labor or capital, over a specific period.

Computers

Electronic devices that are designed to store, process, and retrieve data efficiently and accurately.

U.S.

Refers to the United States of America, a country consisting of 50 states and a federal district, known for its significant influence on world affairs.

Per Capita GDP

A measure that calculates the economic output per person by dividing the GDP of a country by its population.