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Which of the following is ( are ) accurate regarding a federal agency's Statement of Budgetary Resources? Multiple Choice Outlays are measured using the budgetary

Which of the following is

(

are

)

accurate regarding a federal agency's Statement of Budgetary Resources?

Multiple Choice

Outlays are measured using the budgetary basis of accounting.

The statement reports the status of budgetary resources at year end.

Neither of the choices is correct.

Both of the choices are correct.

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