federal government finance and service it outstanding debt

Q: What are the special tax features of (a) Treasury securities, (b) agency issues, and (c) municipal…

A: (a): Treasury securities - Interest paid on all types of treasury securities will be fully taxable…

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: Describe the different taxes that government uses to collect revenue.

A: Describe the different taxes that government uses to collect revenue.

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: The public debt is the sum of all previous:   Budget surpluses minus the current budget deficit of…

A: Introduction:   The entire amount borrowed by the government to meet its development budget,…

Q: 6   Which of the following should not be reported on the balance sheet of the General Fund?…

A: A general fund is a primary fund used by the government. It records all the inflows and outflows…

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

A:

Q: The modified accrual foundation of accounting should be explained. When preparing financial accounts…

A: Modified accrual basis of accounting:  A modified accrual basis of accounting is a method of…

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: How are internal service funds reported on government-wide financial statements?

A: A government-wide financial statement is a comprehensive summary of all the major government funds,…

Q: What does deficit spending require a government to do?

A: Deficit spending is termed as when the expenditure is more than the earnings.

Q: This type of finance is concerned with the revenue and disbursement of government agencies. a.…

A: Finance, money or funds is very important for a business organisation. Funds will be used for…

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: How is the issuance of a long-term bond reported on fund financial statements? How is the issuance…

A: Reporting of issuance of long term bonds  on fund financial statements: At the fund level the cash…

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: What restrictions are placed on state and local government debt in Texas?

A: State and Local government Debt  In a simple word the term state and local government debt which…

Q: A federal deficit occurs when

A: Deficits and surplus are the difference between revenues subtracted from expenses. The positive…

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: The FHA implements its programs with which of the following procedures?   Providing government…

A: Federal Housing Administration: The FHA's principal purpose was to protect home mortgage loans…

Q: What financial statements are report

A: The consolidated financial statements of the U.S. government were prepared using GAAP. These…

Q: debt?

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

Q: Explain t

A: Modified accrual accounting combines aspects of accrual basis accounting with cash basis accounting…

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…

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: Fiduciary Funds includes: O a. Agency Fund b. Special Revenue Fund c. Debt Service Fund d. Internal…

A: Fiduciary funds are those funds which state and local government carry out for the benefit of other…

Q: Which of the following government-wide accounts reflects amounts owed between governmental…

A: The internal balances account will be reported as an asset in the government wide financial…

Q: When is an encumbrance recorded? What happens to this balance? How are encumbrances reported in…

A: The GASB is the board that provides the guideline to the governmental units about proper accounting…

Q: Which fund(s) could contain an amortization of a bond premium? O Government Wide Only O Debt Service…

A: Bonds can be defined as the corporate debt instruments that are issued by corporations or companies…

Q: Where is the Fed Funds rate as of today? Are there any other steps that can be taken by the…

A: Fed funds rate is termed as the interrst rate that is applied on the loans which financial…

Q: How is depreciation handled in the federal government’s General Fund? How does it differ from how…

A: Depreciation: Generally speaking, the word "depreciation" refers to an accounting process that is…

Q: Why debtors list must be equal to debtors control

A: Account receivable means the amount due from customer whom we sold the goods on credit.

Q: What are government expenditures

A: Government Expenditure multiplier factor is that the magnitude relation of the change in financial…

Q: realization in federal taxation

A: For federal income tax purposes, realization is a requirement on what should be included as income…

Q: Why does a government determine the net expenses or revenues for each of the functions within its…

A: Revenue: Revenue refers to the income received from the business activity or sale of the output,…

Q: government

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

Q: Which reference material is classified as a primary “authoritative” source? Treasury Regulations…

A: Taxable income is the measurement of income which is used to calculate the amount of tax that needs…

Q: Define tax-exempt bonds

A: Bonds are the liabilities of the company which is issued to raise the funds required to finance the…

Q: What is a basic financial statement that is required for federal agencies?

A: Financial statement refers to those statements which are prepared through the business at the end of…

Q: What are municipal bonds, and how are these bonds taxed?

A: A bond is an instrument that represents the loan that is made by the investor to the company and…