Which of the Following Statements About a Well-Maintained Yard Best

question 71

Multiple Choice

Which of the following statements about a well-maintained yard best conveys the general nature of the externality?

• A)A well-maintained yard conveys a positive externality because it increases the home's market value.
• B)A well-maintained yard conveys a negative externality because it increases the property tax liability of the owner.
• C)A well-maintained yard conveys a positive externality because it increases the value of adjacent properties in the neighborhood.
• D)A well-maintained yard cannot provide any type of externality.

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Definitions:

Statement of Cash Flows

A financial report that details the inflows and outflows of cash in a business over a specific period, helping to assess the company's liquidity and financial health.

Income Tax Mapping Report

A document that aligns financial accounts with specific tax return lines, aiding in the preparation of accurate income tax returns.

External Users

Individuals or groups outside of an organization who interact with its systems or consume its information.

Financial Statements

Documents that provide an overview of a business or individual's financial condition in a specific period, including balance sheets, income statements, and statements of cash flows.