Final answer:
The statement about deferred inflow of resources being applicable to a future reporting period is True. It involves assets that the government will recognize in future accounting periods, separate from the concepts of foreign financial capital inflow, trade deficits, and government borrowing.
Step-by-step explanation:
The statement that a deferred inflow of resources is defined as "an acquisition of net assets by the government that is applicable to a future reporting period" is True. In governmental accounting, deferred inflow of resources represents the acquisition of assets—such as cash—that the government is not yet entitled to spend because the associated revenue is meant for future periods. This contrasts with the inflow of foreign financial capital, which refers to the transfer of savings from abroad to a domestic economy and is connected with the national savings and investment identity, where the trade deficit can be expressed as imports (M) minus exports (X). Furthermore, government borrowing is shown by the budget deficit, calculated by government spending (G) minus net taxes (T), and impacts the demand for financial capital.