Which of the Following Is Generally Considered to Be a Positive

question 20

Multiple Choice

Which of the following is generally considered to be a positive fiscal characteristic for a City?

• A)A high, or increasing, ratio of intergovernmental revenues to total revenues.
• B)A low percentage of restricted revenues to total revenues.
• C)A high proportion of one-time revenues to total revenues.
• D)A low ratio of property tax revenues to total revenues.

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Definitions:

Liabilities

Present obligations of an entity arising from past transactions or events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.

Sale Of Goods

A transaction between two parties where the seller transfers the ownership of goods to the buyer for a price.

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.