The Public Sector Accounting Board (PSAB)has Identified a Number of Characteristics

question 9

Multiple Choice

The Public Sector Accounting Board (PSAB) has identified a number of characteristics that differentiates governmental reporting from private sector reporting. Which of the following is one of those characteristics?

• A)The government's goal is to make a surplus.
• B)The focus of governmental capital spending is to maximize returns.
• C)Tangible capital assets are viewed differently by governments.
• D)Governments have limited debt capacity.

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Definitions:

Increase In Income

A rise in the amount of money earned or received by an individual or within an economy over a specific period.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or time period.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Price Of Tacos

The amount consumers must pay to purchase tacos, which can vary based on ingredients, location, and other factors.