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Imagine you are writing a memo and including the following excerpt from FASAB guidance: A liability forfederal accounting purposes is a probable future outflow or
Imagine you are writing a memo and including the following excerpt from FASAB guidance: "A liability forfederal accounting purposes is a probable future outflow or other sacrifice of resources as a result of past transac-tions or events." Locate this quote in the FASAB Handbook and write out the full source citation for this quote.Assume this is the first reference to FASAB guidance that you are including in your memo.
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