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    Government and Not for Profit Accounting Study Set 2
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    Exam 3: Issues of Budgeting and Control
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    In What Way Will Budgetary Entries and Encumbrances Affect Amounts
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In What Way Will Budgetary Entries and Encumbrances Affect Amounts

Question 52

Question 52

Essay

In what way will budgetary entries and encumbrances affect amounts reported in year-end GAAP balance sheets and operating statements of state and local governments?

Correct Answer:

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Budgetary entries have no effect on year...

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