Assume the OMB apportions 1/4th of an appropriation to a federal agency for the first quarter of the fiscal year. The journal entries at the agency level to record this event will include:
A) a debit to the account Unapportioned Authority
B) a debit to the account Unexpended Appropriations
C) a credit to the account Fund Balance with Treasury
D) None of the above
Correct Answer:
Verified
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