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1.   The Prompt Payment Act, which is in the U.S.C, an example of federal financial policy. T/F


2.   The Statement of Changes in Net Position is unique for federal entities, and does not have a similar statement in the for-profit realm.   T/F

3.   Review and Audit is part of the federal budget cycle. T/F

4.   Creating financial reports (including the Balance Sheet) is part of the federal budget cycle.  T/F

5.   The GAO rules on appropriation law is known as the Yellow Book. T/F

6.   OMB allows agencies to Allot funds; an agency must receive approval from OMB to generate an allotment. T/F

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