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borishaifa [10]
3 years ago
12

The budget for the City of Goodville for the year ending December 31 was adopted and recorded on January 2 of the same year. Aft

er recording the budget, the accounting records showed a debit balance of $50,000 in the Budgetary Fund Balance account. What does this indicate?
Business
1 answer:
scoray [572]3 years ago
3 0

Answer:

See below

Explanation:

A budgetary fund is an income account and thus a debit balance suggests a deficit on the fund account. This means that governing bodies of City of Goodville have spent more money in their expenditures than they have brought in as income from the fund. This will be recorded as a liability in the balance sheet. Where as a credit balance would be a surplus and recorded as  an asset.

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Suppose the small town of Falls Valley has a mosquito problem. After a bad summer, the town accountants explain that the margina
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Answer:

The town should provide the additional mosquito control only if the marginal benefit generated for the residents of Falls Valley is equal to or greater than  $100,000.

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Which of the following is NOT one of the main tasks of strategy-making in a diversified company? 1. establish investment priorit
oksano4ka [1.4K]

The question seems incomplete but here is the complete question.

Which of the following is not one of the main tasks of strategy-making in a diversified company?

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5) Divesting well-performing businesses.

Answer:

5) Divesting well-performing businesses.

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5 0
3 years ago
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