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GREYUIT [131]
2 years ago
5

A city assesses property owners $50 million to extend sewer lines to their neighborhood. By year-end, however, it has not begun

construction of the new lines and has not collected any of the assessments. It accounts for its wastewater services in an enterprise fund. What should the government do in its year-end enterprise fund financial statements:
Business
1 answer:
serg [7]2 years ago
4 0

Answer:

Recognize the assessments as assessments receivable and revenue.

Explanation:

Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.

This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.

But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.

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According to Adam​ Smith, which of the following is necessary for the proper functioning of the market​ system?
nlexa [21]

Answer:

The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.

Explanation:

To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.

To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the <u><em>''invisible hand''</em></u><u> </u>that states that <u><em>in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government</em></u>.

4 0
3 years ago
Banks pay interest to customers through a
nexus9112 [7]

Answer:

mortgage account

For me:

I like that among us account perfect

3 0
2 years ago
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Now that you have learned about the different types of decision-making styles, write a short essay about the kind of decision ma
Lunna [17]

Answer:

just copy and paste something random in there, they only grade it for completing it they don't go back and check

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I take that class in edmentum

5 0
3 years ago
Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?
algol [13]

Answer:

C

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7 0
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When looking to advertise a new business online, what is one of the major benefits of display ads?
Margarita [4]

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