Which of the following functions is not common to the expenditure/disbursement cycle? a. Resources are acquired from
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Which of the following functions is not common to the expenditure/disbursement cycle?
a. Resources are acquired from vendors in exchange for obligations to pay.
b. Obligations to vendors are paid.
c. Resources are held, used, or transformed.
d. Resources are acquired from employees in exchange for obligations to pay.
Choose the correct answer.
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