What does deficit spending require a government to do?

Q: Aside from issuing bonds, what do you suggests as other means of funding or can government source…

A: Bonds can be referred to as the instruments which are issued by entities and government for raising…

Q: How fund structures and financial reports of not-for profit differ from those of governments?

A: Non-profit organizations: These are the organizations established not with the intention of earning…

Q: What do you think is the reason why governments grants "exclusion from the gross income

A: Possible reasons why government grants exclusions from gross income can be as follows.  1) To…

Q: Discuss the significance of public sector budgets from the perspective of a government agency ..in…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: 5) Why may flexible budgets be more important to a government's business type activities than to its…

A: Flexible budget refers to the budget that adjusts with the change in volume or activity level of the…

Q: What are two major legal differences between state governments, and businesses, that would affect…

A: Financial reporting is defined as the financial results of the firm that are released for its…

Q: One measure of "ability to pay" the national debt is the debt to

A: Debt/GDP  Debt to GDP ratio indicates that ability of country to pay national Debts. By comparison…

Q: budget prepared

A: Annual Budget-: An Annual Budget lays out a firm's projected earnings and expenditures for a year or…

Q: Discuss the concept of taxation and it's necessity for every government.

A: Taxation is the process of governments levying mandatory taxes on individuals or businesses. Taxes…

Q: What are the key sources of revenues among the federal, state, and local governments? What are the…

A: Federal Government revenue comes from individual income taxes, corporate income taxes, and payroll…

Q: What are the two government-wide financial statements? What does each normally present?

A:

Q: What is a federal deficit? How is it managed?

A: A deficit implies when a nation's expenditure surpasses the nation's revenue. That means deficit…

Q: Select all the true statements from the following pool of statements: A - Tax, being one of the…

A: The answer for the question of identifying true statements is discussed hereunder.  Tax is a…

Q: How are general long-tern liabilities distinguished from other long-term liabilities of government?…

A: Liabilities are described as the obligations which an entity is required to pay back. These can be…

Q: In the issuance of treasury bills (T-bills) the government is the a. Debtor b. Creditor c. Guarantor…

A: The treasury bills are the financial instruments for the business which are used to raise money from…

Q: Explain the main differences between tax evasion and tax avoidance and list the main actions taken…

A: Tax evasion is the use of illegal methods of concealing income or information from the IRS or other…

Q: How does the Fed manage money?

A: The monetary policy of the Federal Reserve System controls the amount of money in circulation. It…

Q: federal government finance and service it outstanding debt

A: The national debt level of the United States is a measurement of how much the federal government…

Q: What is GSE (government-sponsored enterprise) debt?

A: Government-sponsored enterprises (GSEs) are the bonds which are supported by U.S. government. These…

Q: while governments are not required to issue interim financial reports, what role does interim…

A: Financial reporting: Financial reporting is the procedure used to communicate the information…

Q: Are government treasury bills good protection from inflation? Why?

A: TIPS (Treasury Inflation-Protected Securities) offers inflation protection. As assessed by the…

Q: debt?

A: Introduction Deficit and Debt If the federal revenues and the government spending are equal in a…

Q: Which is TRUE? S1-Only the legislative body can exercise power to levy S2 - Only the executive…

A: The power to levy tax is generally exercised by governmental bodies or legislative bodies. In…

Q: The ideal taxation system is a good tax system, that is, it must comply government needs whose…

A: Government charges two different taxes from its customer. One is direct tax and the other is…

Q: 12. When the federal government finances a deficit, the government may: A) lower taxes. B) increase…

A: Deficit is a situation wherein government spend more money then its revenue. In simple words…

Q: How do "sales tax-free" days  impact our government?

A: sale tax free day means there will be no tax on certain items for cetain period of times. all those…

Q: Vat tax - the popularity of this type of tax, the nature of this type of tax and the effect on…

A: Value Added Tax (VAT):  It is a consumption tax placed on manufactured goods, at whatever time value…

Q: Which among the type of taxes (national or local) do you think can be reduced, removed, or revised…

A: Taxes are an importance source of revenue for the governments to spend on infrastructure. But at the…

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: What are the salient features and changes in the Government Accounting Manual? What problems or…

A: Government accounting manual shows and presents the guidelines and basic accounting policies and…

Q: The government has to go into debt to meet the needs of the budget deficit or shortfall. Identify…

A: A budget deficit in an economy exists as the expenditures of the country are in excess of the…

Q: True or false: Government can issue both stocks and bonds to finance government expenditures

A: Government need to raise finance for expenditures that it needs to undertake for running the country…

Q: What are your thoughts on the misappropriation of funds? Government budgets prevent public…

A: Government budget shows the expenditure and total income that government has.it can be either…

Q: How does the budget become a law?

A: Solution-      Budgets are the beating heart of state governmental method. They specify however cash…

Q: What is a State in taxation?

A: State in which you live is important for tax point of view and state in which you work is important…

Q: Explain two (2) major reasons why the incidence of taxation should be of paramount importance to the…

A: Taxes are not always finally borne by the people who pay them in the first step. The burden are…

Q: government

A: Answer: Government accounting: Government accounting is accounting methods that are being followed…

Q: How regulatory role of the government is different from its other roles under Public finance and…

A: Government regulation affects the financial services industry in many ways, but the specific impact…

Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.