Ms. Gurnee, a 26-year old accountant, owns a house in Anytown. She plans to sell her house
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- Ms. Gurnee, a 26-year old accountant, owns a house in Anytown. She plans to sell her house in one year, when she will transfer to her employer's main office in distant Streator. Recently local news outlets have reported problems with the quality of Anytown public schools, and neighbors have asked Ms. Gurnee to help them organize and pay for an event at which candidates in next month's school board election will debate. Which statement below best characterizes Ms. Gurnee's situation?A.As a home owner she has pride of ownership, and has financial incentives to spend time or resources on an election involving public schools if she has children who will attend those schools for another year.
- B.If she is a short-term home owner with children Ms. Gurnee has no financial incentive to devote resources to local public school issues since a new board will need more than a year to correct problems.
- C.If she is a home owner Ms. Gurnee gains federal and state income tax benefits, but if she does not have children she has no financial incentive to spend time or resources on issues involving public schools.
- D.As a home owner Ms. Gurnee has a financial incentive to devote resources toward addressing issues that relate to local public schools even if she does not have children.
- E.Both answers b and c above effectively characterize Ms. Gurnee's situation.
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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