Answer:
D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.
Explanation:
Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.
Answer: Option(d) is correct.
Explanation:
Given that,
Purchases a bond = $10,000
Bond pays at the end of the first, second, and third years = $400
Bond pays upon its maturity at the end of four years = $10,400
(i) Principal amount of this bond = $10,000
It is the issue price of the bond.
(ii) The coupon rate of the bond = 
= 
= 4% per year
(iii) The term of this bond is 4 years, as it was matured after 4 years.
Answer: Case study.
Explanation:
A case study is an in-depth study of an individual or an event to get deeper understanding about that individual or event. Mark is making Bill Gates his case study, to understand closely the steps he took to become a successful businessman, in order for him(Mark) to apply those steps.
Based on accounting principles, an accumulated deficit means a company has "<u>accumulated more net losses than net income."</u>
This is because the accumulated deficit is generally considered to be a "<u>negative retained earnings balance."</u>
In other words, accumulated deficit is the total summation of the losses and dividends paid by a company that supersedes the profits gained by the company.
Hence, in this case, it is concluded that the correct answer is option B. "<u>accumulated more net losses than net income."</u>
Learn more here: brainly.com/question/16551961
Answer:
Option (C) is correct.
Explanation:
Private saving refers to the savings of the households which cannot be used for the consumption and tax payment.
Public saving refers to the savings of the government.
Private savings:
= Income - Consumption - Taxes + Transfer payments
= $12 - $9 - $3 + $2
= $2 trillion
Public savings:
= Taxes - Transfer payment
= $3 trillion - $2 trillion
= $1 trillion
