Question: closer control is maintained over expenditures by using appropriation, encumbrances, and allotments. a. True b. False The current financial resources measurement focus is concerned with

closer control is maintained over expenditures by using appropriation, encumbrances, and allotments.

a.

True

b.

False

The current financial resources measurement focus is concerned with flows of cash, and include long term assets and long term liabilities.

a.

TRUE

b.

FALSE

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