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    Exam 9: Reporting for Not-For-Profit Organizations
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    When Is an Obligation Recorded Under an Encumbrance System
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When Is an Obligation Recorded Under an Encumbrance System

Question 48

Question 48

Multiple Choice

When is an obligation recorded under an encumbrance system?


A) When a purchase order is issued.
B) When goods or services are received.
C) When payment is made.
D) None of the above.

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