Consider the Following Three Items of Spending by the Government

question 75

Multiple Choice

Consider the following three items of spending by the government: (i) the federal government pays a $500 unemployment benefit to an unemployed person; (ii) the federal government makes a $2,000 salary payment to a Navy lieutenant; (iii) the city of Bozeman,Montana makes a $10,000 payment to ABC Lighting Company for street lights in Bozeman.Which of these payments contributes directly to government purchases in the national income accounts?

• A)only item (i)
• B)only item (ii)
• C)only items (i)and (ii)
• D)only items (ii)and (iii)

Identify the procedural steps and preparation required for effective legal investigation and witness interviewing.

Recognize the significance of witness credibility and factors affecting it in legal proceedings.

Grasp the importance of immediate and accurate documentation following witness interviews.

Understand the specific objectives of initial, subsequent, and informational client interviews.

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Definitions:

Continuous

A term describing processes or functions that proceed without interruption or cessation.

Dividends in Arrears

Unpaid dividends on cumulative preferred stock that must be paid out before any dividends can be distributed to common stockholders.

Cumulative Preferred Stock

A type of preferred stock that entitles the holder to receive dividends in arrears before common stockholders can receive any dividends.

Liability

Any financial obligation or debt that an entity is responsible for paying to another party.