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frutty [35]
3 years ago
6

The government uses the revenue from taxes to pay for goods and services for the community. True False

Business
2 answers:
GalinKa [24]3 years ago
7 0

Answer:

True

Explanation:

I mean, well..

The government uses the revenue from taxes to pay for goods and services for the community. <u>True </u>False

nexus9112 [7]3 years ago
6 0
The answer is true because without our tax maney we wouldnt have goods and services.
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What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this
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Money needs to be transferred from 1 agency to other when legislature is not in session:

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When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.

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jerome, incorporated, paid $8,850 to make a debt investment in trading securities of tedesco, incorporated. on december 30, (wit
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The adjusting entry for the sale of debt securities by Jerome Incorporated on December 30, is as follows:

<h3>Adjusting Journal:</h3>

December 31:

Debit Cash $7,000

Credit Investment $6,500

Credit Gain on Sale of Investment $500

  • To record the sale of debt investment (part) and the gain therefrom.

<h3>What is an adjusting entry?</h3>

An adjusting entry is the journal entry made at the end of the financial year to ensure compliance with the accrual concept and the matching principle of generally accepted accounting principles.

An adjusting entry does not include the initial investment transaction made by Jerome Incorporated.

<h3>Transaction Analysis:</h3>

Dec. 30:

Cash $7,000  Investment $6,500 Gain on Sale of Investment $500

Learn more about adjusting entries at brainly.com/question/13933471

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