Which of the Following Was Not a Rationale Used Between

question 20

Multiple Choice

Which of the following was not a rationale used between 1960 and 1980 in favor of national grant-in-aid programs?

• A)Equalizing resources per capita among richer and poorer states
• B)Improving the service of state and local government programs
• C)Establishing nationwide standards for programs funded by the national government
• D)Yielding total program control to state and local elected officials

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Definitions:

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Parent-Company Extension Method

An accounting approach used in consolidation, where the parent company's financial statements extend to include the subsidiary's transactions and balances.

Goodwill

Goodwill is an intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.

NCI

Non-Controlling Interest, which refers to the equity in a subsidiary not attributable, directly or indirectly, to the parent company.