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Governmental Accounting Ch. 10-14 (Answered) 100% Correct

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Governmental Accounting Ch. 10-14 (Answered) 100% Correct -Which of the following terms is defined as determining whether current-year revenues are sufficient to pay for current-year services and... whether future taxpayers will be required to assume the burdens of services previously provided? {{{Answer}}} (Interperiod equity.) -Which ratio or concept describes the extent to which the government has lived within its means for the year? {{{Answer}}} (Interperiod equity.) -The three major rating agencies for governments have each developed quantitative tools for assessing credit risk. Which of the following general factors is used by all three rating agencies in assessing credit risk? {{{Answer}}} (Economy) -A measure of whether the government lived within its means in the measurement year, was required to use prior year resources to fund a portion of current year costs, or shifted the funding of some current year costs to future periods, is: {{{Answer}}} (Total revenues/total expenditures.) [Show More]

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