Final answer:
A deferred inflow of resources in government accounting is an acquisition of net assets that applies to a future period, making the given statement true.
Step-by-step explanation:
The statement that A deferred inflow is defined as "an acquisition of net assets by the government that is applicable to a future reporting period" is A. True.
Deferred inflow of resources in government accounting is indeed considered a component of net position that corresponds to resources that have been received, but which are not yet recognized as revenue because the conditions for earning them have not been met. For example, this can occur with grants received ahead of meeting required conditions or the prepaid taxes that cannot yet be acknowledged as revenue because the related period has not started. This concept is part of a framework that helps ensure the government's financial statements provide a transparent picture of its financial health, including its obligations to be met in future periods.
A deferred inflow is defined as an acquisition of net assets by the government that is applicable to a future reporting period. This means that the government has received assets, such as cash or goods, but they are not recognized as revenue until a later period. In other words, the government has acquired resources that will benefit them in the future, but they cannot be reported as revenue yet. Therefore, the statement 'A deferred inflow is defined as an acquisition of net assets by the government that is applicable to a future reporting period' is True.