Which of the Following Is the Most Likely Reason That

question 47

Multiple Choice

Which of the following is the most likely reason that deferred revenue is reported on the General Fund balance sheet?

• A)qualifying expenditures have been incurred in conjunction with a federal grant
• B)there are property taxes receivable at year end that probably will not be collected for at least 60 days after the end of the accounting period
• C)there are property taxes receivable at year end that will probably be collected within 60 days after the end of the accounting period
• D)the government owes refunds to property owners who have successfully appealed their property tax assessments

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Definitions:

Issues Of Scale

Challenges or advantages businesses face as they expand or reduce their size or production capacity.

Multiple Rates Of Return

A situation where an investment has more than one internal rate of return due to differing cash flow patterns over time.

Required Rate Of Return

The minimum annual percentage earnings needed from an investment to make it worthwhile, factoring in risk.

IRR

An investment's IRR represents the discount rate that makes the sum of all future cash flows (positive and negative) from the investment equal to zero, effectively measuring its annual growth rate.