Answer:
The answer is B. government's spending exceeds its tax revenues
Explanation:
Government budget records deficit if its spending is more than its revenue. The main source of government revenue is from tax. And government record surplus if its revenue is more than its spending.
One of the disadvantages of government budget deficit is that inflation rate will be rising. Government might spend to stimulate the economy.
Answer:
The correct option is D
Explanation:
Cutting the number of truckloads of refuse in half must reduce the amount of residual ash by half of last year's level. However, if the removal of the recycled refuse does not proportionately reduce the amount of ash, this will not happen.
So, the answer D states a requirement for the collection program to achieve its aim.
Answer:
b. July
Explanation:
According to the revenue recognition principle, the revenue has to be recognised in the period the services are provided.
In the question, the services were provided in July, so the revenue needs to be recognised in July,
The fact that the order was received in June or that the payment from the customer was received in August is not relevant for purposes of revenue recognition.
