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When goods for which an encumbrance has been recorded are received at an invoiced amount that varies from the amount encumbered, the encumbrance is reversed in the amount of the actual invoiced cost of
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Oct 16, 2021
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When goods for which an encumbrance has been recorded are received at an invoiced amount that varies from the amount encumbered, the encumbrance is reversed in the amount of the actual invoiced cost of the goods.a. trueb. false
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Marko Previsic
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Answer:
false
Step-by-step explanation:
The encumbrance is the right or the legal interest that prohibits the passing of the titles and diminished its values and they may be financial legal and equity-based and theses includes the securities, interest and liens
And encroachments and restrictions and used for the managerial accounting purposes and allows the organization to make a future commitment to resources.
Mel Pama
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Oct 22, 2021
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Mel Pama
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