Question

In: Accounting

Which of the following terms best describes a government's ongoing ability and willingness to meet its...

Which of the following terms best describes a government's ongoing ability and willingness to meet its financial obligations and service commitments as they become due?

Question 19 :

A)

Financial condition.

B)

Financial position.

C)

Economic condition.

D)

Fiscal capacity.

Solutions

Expert Solution

C. Economic condition

According to Chapter 5 and Question 7 of the Preliminary Views, Economic Condition Reporting: Financial Projections,The discussion focused on the following topics:

(1) the qualitative characteristics applicable to financial projections and related narrative discussions;

(2) which governments would report financial projections and related narrative discussions;

(3) whether to include governmental and business-type activities in the reporting of financial projections and related narrative discussions;

4) whether to exclude discretely presented component units in the reporting of financial projections and related narrative discussions;

(5) the methodology for determining what is considered a “major” cash inflow, cash outflow, financial obligation, and intergovernmental service interdependency; and (6) whether to include a cautionary notice preceding the reported financial projections and related narrative discussions and what this notice would include.


Related Solutions

Which of the following terms best describes large patterns of normal cultural or social behavior, as...
Which of the following terms best describes large patterns of normal cultural or social behavior, as well as laws and policy, that reinforce a given behavior within individuals? meta-contingencies reciprocal triadic causation operant conditioning social ecology Antonio is in the habit of eating chips and cookies and other snacks after dinner while watching TV. Recently he has begun to try to change this habit by instead either going for a walk or a run after dinner, or lifting simple hand...
Which of the following best describes ribosomes?
Which of the following best describes ribosomes? Hollow cytoskeletal elements that act as organizers for the cytoskeleton, especially in cell division Contain digestive enzymes to breakdown non-functional organelles and foreign bodies that enter the cell The site of protein synthesis. Dense spherical body in the nucleus which are the synthesis site for ribosomal RNA and ribosomal subunits Houses all genetic material for the cell including DNA and RNA.
Match the following terms to the definition that best describes the term.   ___ Finance     ___...
Match the following terms to the definition that best describes the term.   ___ Finance     ___ Equity financing     ___ Debt financing     ___ Short-term loan     ___ Intermediate loan     ___ Long-term loan     ___ Collateral     ___ Interest     ___ Unsecured loan     ___ Budget     ___ Cash budget     ___ Capital budget     ___ Financial manager     ___ Financial plan     (a) Loan that matures in one to five years.      (b) Assets that a bank accepts...
The global economy and a government's ability to control its country's currency.
The global economy and a government's ability to control its country's currency.
Which of the following best describes active surveillance?
Which of the following best describes active surveillance?
Which of the following best describes cis-transisomers?
Which of the following best describes cis-transisomers?They are mirror imagesThey have variations in arrangements around carbon carbon double bondsThey have different molecular formulasThey have the same chemical propertiesNone of the above
Which one of the following best describes a broker?
Which one of the following best describes a broker?A.intermediary who arranges trades between a buyer and a sellerB.trader who buys and sells from his or her inventoryC.firm which charges a commission for arranging a transactionD.person who buys securities for his or her own account on an exchange floorE.trader who transacts business on behalf of a securities issuer
Which of the following terms describes the next best alternative that must be sacrificed as a result of making a particular choice?
Which of the following terms describes the next best alternative that must be sacrificed as a result of making a particular choice? Microeconomics. Opportunity cost  Macroeconomics. Scarcity. 
Match the following terms to the definition that best describes the term. ___ Skimming pricing    ...
Match the following terms to the definition that best describes the term. ___ Skimming pricing     ___ Distribution     ___ Retailers     ___ Demand-based pricing ___ Target costing     ___ Prestige pricing ___ Odd-even pricing   ___ Penetration pricing ___ Cost-based pricing ___ Wholesalers     ___ Supply chain      Pricing strategy that determines how much to invest in a product by figuring out how much customers will pay and subtracting an amount for profit.      Practice of pricing products a few...
1. Which of the following best describes a success scenario? - A statement that describes how...
1. Which of the following best describes a success scenario? - A statement that describes how certain decisions lead to success -A statement that defines what it means for the system to perform as intended   -A statement of what could go wrong within a system -A statement of who, what, when, where and how a system would fail 2. Which of the following variable types represent measurable properties of a system itself? -Input Variables -Output Variables -Exogenous Variables    -State Variables...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT