________________________ is the financial statement element that captures amounts to be recognized as expenditures in a future period. Deferred outflows of resources Deferred inflows of resources Liabilities Assets Fund balance

________________________ is the financial statement element that captures amounts to be recognized as expenditures in a future period. Deferred outflows of resources Deferred inflows of resources Liabilities Assets Fund balance

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity

Section: Chapter Questions

Problem 14CYBK

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Question

________________________ is the financial statement element that captures amounts to be recognized as expenditures in a future period.

	Deferred outflows of resources
	Deferred inflows of resources
	Liabilities
	Assets
	Fund balance

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