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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Chapter 17, Problem 14C
Access the most recent Financial Report of the U.S. Government at the U.S. Treasury Department website, www.fms.treas.gov/fr, and answer the following questions.
Required
- a. What are the amounts of the total budget deficit and net operating cost for the three most recent fiscal years?
- b. How do these two measures of federal government fiscal health differ?
- c. For the most recent fiscal year, identify the five largest components of the net cost of operations of the U.S. government.
- d. What is the projected trend in surplus or deficit for future years? Which component of net cost is expected to grow the fastest in future years?
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We have the following information regarding the public budget of a given country for a given fiscal year (all amounts are expressed in euros):
-Current revenues = 23,000
-Capital revenues= 3,450
-Capital expenditures = 5,500
-(Total) Current expenditures=45,000
-Interest payments of public debt =195
-Repayment of public debt= 15,000
-Sale of financial assets= 2,345
-Investment in financial assets= 135
Calculate then the following budget indicators:
(i) Public deficit/surplus
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(iii) Debt issued
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(v) Net variation in the stock of debt
How do amendments to government policies effect the fourth-quarter budget of an organization?
Which of the following statements is true concerning the recording of a budget? Choose the correct.a. At the beginning of the year, debit Appropriations.b. A debit to the Budgetary Fund Balance account indicates an expected surplus.c. At the beginning of the year, debit Estimated Revenues.d. At the end of the year, credit Appropriations.
Chapter 17 Solutions
Accounting For Governmental & Nonprofit Entities
Ch. 17 - Prob. 1QCh. 17 - Prob. 2QCh. 17 - Prob. 3QCh. 17 - Prob. 4QCh. 17 - Prob. 5QCh. 17 - Prob. 6QCh. 17 - The federal government uses two groups of funds....Ch. 17 - Prob. 8QCh. 17 - Prob. 9QCh. 17 - Prob. 10Q
Ch. 17 - Prob. 12CCh. 17 - Prob. 13CCh. 17 - Access the most recent Financial Report of the...Ch. 17 - Prob. 15.1EPCh. 17 - Prob. 15.2EPCh. 17 - Prob. 15.3EPCh. 17 - Prob. 15.4EPCh. 17 - Prob. 15.5EPCh. 17 - Prob. 15.6EPCh. 17 - Which of the following is a correct mathematical...Ch. 17 - Which of the following is not a component of a...Ch. 17 - Fund Balance with the Treasury would be considered...Ch. 17 - Prob. 15.10EPCh. 17 - Which of the following federal funds is most...Ch. 17 - Following is a list of a number of accounts used...Ch. 17 - One amount is missing in the following trial...Ch. 17 - Use the data from Problem 1717 for this...Ch. 17 - Prob. 19EPCh. 17 - Prob. 20EPCh. 17 - Congress authorized the Flood Control Commission...Ch. 17 - Prob. 22EP
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