Deferred Outflows of Resources have a debit balances and represent assets of the reporting organization.

Name: Deferred Outflows of Resources have a debit balances and represent assets of the reporting organization.
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Quizplus · Accepted Answer

Deferred Outflows of Resources represent balance sheet accounts with debit balances but they are not assets. Only items specifically identified in GASB standards may be reported as deferred inflows or deferred outflows.

Deferred Outflows of Resources Have a Debit Balances and Represent