Long-term liabilities may also be called long-term debt. a. True ...

[Haya94]

Long-term liabilities may also be called long-term debt.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

In budgetary accounting, entries are made to record the expending of appropriations when supplies are consumed.
 
  Indicate whether the statement is true or false

[TheDev123]

Answer to Question 1

True

Answer to Question 2

False. In budgetary accounting  depending on the circumstances - budgetary authority is expended when a commitment is made, when the supplies are ordered, or when goods are received.

[Haya94]

Thanks for the timely response, appreciate it

[lcapri7]

TYSM