According to the , Those Who Benefit from Public Spending

question 37

Essay

According to the , those who benefit from public spending should bear the burden
of the tax that pays for the spending.
A.ability-to-pay principle
B.tax fairness principle
C.benefits principle
D.spending principle

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Definitions:

Total Current Assets

The sum of all assets likely to be converted into cash within a year, including cash, marketable securities, accounts receivable, and inventory.

Total Current Liabilities

These are obligations that a company is required to pay within one year or within the normal operating cycle.

Working Capital

The variance between a business's immediate assets and its short-term obligations, signalling its ability to meet short-term debts.

Current Ratio

A financial liquidity ratio that compares a company's current assets to its current liabilities.