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    Essentials of Accounting Study Set 3
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    Exam 14: Financial Reporting by the Federal Government
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    Which of the Following Steps in the Budgetary Authority Process
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Which of the Following Steps in the Budgetary Authority Process

Question 13

Question 13

Multiple Choice

Which of the following steps in the budgetary authority process occurs when Congress passes a spending bill which is signed by the President?


A) Apportionment
B) Appropriation
C) Allotment
D) Obligation

Correct Answer:

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