Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 10, Problem 17.12EP
Which of the following would be considered a sign of fiscal stress?
- a. Properly values that have remained unchanged over the last three years.
- b. An increase in defined pension benefits offered to employees.
- c. An increase in capital expenditures for necessary infrastructure repairs.
- d. Expenditures growing at a higher rate than revenues for the past three years.
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Chapter 10 Solutions
Accounting For Governmental & Nonprofit Entities
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