Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Almost all state and local governments must submit and maintain balanced budgets ( while the U . S . federal government does not ) .

Almost all state and local governments must submit and maintain balanced budgets (while the U.S. federal government does not). What is a tool, unique to these governments, that helps them to manage debts and to remain in balance?
Question 2 options:
A lack of mandatory expenditures
Capital budgets
Issuance of bonds
Revenue forecasting

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Accounting Essentials Using Quickbooks 2014

Authors: Carol Yacht, Susan Crosson

7th Edition

1259277372, 978-1259277375

More Books

Students also viewed these Accounting questions

Question

What is community?

Answered: 1 week ago

Question

What are the features of the community?

Answered: 1 week ago

Question

1. What are Associations ?

Answered: 1 week ago

Question

1. What is socialization?

Answered: 1 week ago

Question

1. State how schools help in socialization?

Answered: 1 week ago