At Year End, a County Tax Agency Fund's Only Asset $\begin{array}{lr}\text { County } & \$ 300,000 \\\text { School district } & \$ 150,000 \\\text { Fire district } & \$ 50,000\end{array}$

question 34

Multiple Choice

At year end, a county tax agency fund's only asset was $500,000 in cash. The cash was collected on behalf of the following
$\begin{array}{lr}\text { County } & \$ 300,000 \\\text { School district } & \$ 150,000 \\\text { Fire district } & \$ 50,000\end{array}$
In the county's basic financial statements, the Tax Agency Fund should report what amount of assets and liabilities?

• A) $200,000.
• B) $300,000.
• C) $450,000.
• D) $500,000.

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Definitions:

Earnings Per Share

A financial metric that indicates the portion of a company's profit allocated to each outstanding share of common stock, used as an indicator of the company's profitability.

Dividends Per Share

A financial metric that demonstrates the total amount of dividends declared by a company for each share of its outstanding common stock.

Earnings Per Share

A financial metric that divides a company's profit available to common shareholders by the average outstanding shares, indicating the company's profitability.

Price-Earnings Ratio

A metric used to assess a company's value, comparing its current stock price to its earnings per share.