Governments differ from businesses in that they a. Do not raise capital in the financial markets b.

Question:

Governments differ from businesses in that they
a. Do not raise capital in the financial markets
b. Do not necessarily engage in transactions in which they "sell" goods or services

c. Are not required to prepare annual financial reports
d. Do not issue common stock

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Government And Not For Profit Accounting Concepts And Practices

ISBN: 9781119803898

9th Edition

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese

See More Books

Question Posted: Oct 25, 2022 04:36 AM

See More Questions

What sources of information are usually required to prepare a statement of cash flows?
Under IFRS, companies are not required to prepare a statement of cash flows if the transactions are reported elsewhere in the financial statements.True or False?
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has...
Explain how teacher knowledge of context impacts the development of meaningful learning and teaching for any particular group of young children. Cite at least three relevant sources from the...
It is believed that cross-fertilized plants produce taller offspring than self-fertilized plants. In order to obtain an estimate on the proportion y of cross-fertilized plants that are taller, an...
Ethan Allen Interiors Inc .. a leading manufacturer and retailer of home furnishings and accessories. sells products through an exclusive network or approximately 300 design centers. All of Ethan...
If the IRR of Alternative $A$ is 18 percent, the IRR of Alternative B is 16 percent, and MARR is 12 percent, which of the following is correct? a. Alternative B is preferred over Alternative A. b....
The comparative condensed income statements of Hendi Corporation are shown below. Instructions(a) Prepare a horizontal analysis of the income statement data for Hendi Corporation using 2010 as a...
6. Even though the Kraus representation gives an "internal" view of the dynamics of the open system Q, the Kraus operators contain some information about the environment. Concretely, let & be an...
(i) Outline a 5TM that does decimal addition for three numbers simultaneously, the numbers being on tracks 2, 3, and 4. The sum should be left on track 5, and track 1 is reserved for carries. (ii)...
What is the significance for financial reporting of the many restrictions that are placed on a government's resources?
Interperiod equity refers to a condition whereby a. Total tax revenues are approximately the same from year to year b. Taxes are distributed fairly among all taxpayers, regardless of income level c....
On April 15, 2024, Sampson Consulting provides services to a customer for $110,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third...
A real-life interpersonal relationship (a real-life interpersonal relationship you are or were in).Remember, interpersonal relationships are not just about romantic couples.You may want to talk about...
According to Allan Johnson, why is it that people in privileged positions don't think that systems of inequality are their problem (ex. Men don't think sexism is their problem; White people don't...
Explain every aspect about practicing good data governance?
Job cost sheets are used to track the costs assigned to a job, including direct materials, direct labor, overhead, and all selling and administrative costs.
In-flight Crime. Nicole Freedman, a U.S. citizen, was on an Air India flight from New York to London on May 15, 2003. Midway over the Atlantic, she used an airplane phone to execute the transfer of...
What is the price elasticity of demand, and why is it important?
A certain Christmas tree ornament is a silver sphere having a diameter of 8.50 cm. Determine an object location for which the size of the reflected image is three-fourths the size of the object. Use...
Why may exible budgets be more important to a governments business-type activities than to its governmental activities?
Why may exible budgets be more important to a governments business-type activities than to its governmental activities?
What is the main advantage of an object classication budget? What are its limitations? How do performance budgets overcome these limitations?
Suppose 59 kW is to be transmitted over two 0.135 2 lines. Estimate how much power is saved if the voltage is stepped up from 190 V to 1900 V and then down again, rather than simply transmitting at...
The rental income from an apartment is $ 1 , 5 0 0 per month. The monthly expenses are estimated to be $ 2 0 0 . How much could you afford to buy this for now if you used the entire profit from each...
You need $ 2 , 0 0 0 , 0 0 0 to fund your retirement in 4 0 years. If your retirement plan has an annualyield of 6 % , how much do you need to contribute to your retirement fund each paycheck (...

Governments differ from businesses in that they a. Do not raise capital in the financial markets b.

Question:

Step by Step Answer:

d Do n...View the full answer

Government And Not For Profit Accounting Concepts And Practices

Students also viewed these Business questions