Complete question:
Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators can act to reformulate policy
A. The legislature as a body must wait for the comptroller to decertify the budget.
B. The legislature must wait for a special session to be called.
C. The legislature must wait for economic conditions to deteriorate to a point where a constitutional provision allowing deficit spending kicks in.
D. The legislature must wait until the federal government increases monies for state governments.
Answer:
The legislature must wait for a special session to be called.
Explanation:
Once the Texas legislature passes a budget and the governor has acted, after 6 months does the budget go into effect.
The Texas legislature passed a law that requires that an agency take a specific action in order to solve a problem. At formulation stage of the policy making process did the passage of this law occur
A special session (also a exceptional session) in a parliamentary term is a time when the assembly meets outside the usual legislative session. Anyone holding a special meeting would be subject to different requirements, such as by a legislative vote in a normal session, the president, or the presiding officer of the legislature.
Answer:
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Explanation:
Based on the information given the purchase price of the computer is $41,000.
<h3>Purchase price</h3>
Purchase price=($800×12month×5)- [(5×12 month×$100)+$1,000]
Purchase price=$48,000-[$6,000+$1,000)
Purchase price=$48,000-$7,000
Purchase price=$41,000
Inconclusion the purchase price of the computer is $41,000.
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Answer:
The answer is "Option D".
Explanation:
R Company must register a building, as well as, an accumulated depreciation.
It makes the design the right decision with as well as the accrued depreciation.
International Financial Reporting Standards (IFRSs) are not authoritatively proclaimed by International Accounting Principles.
<h3>What are IFRS and what are their tenets?</h3>
The reporting of specific kinds of transactions and events in financial statements is governed by a set of accounting standards called International Financial Reporting Standards (IFRS). The International Accounting Standards Board created and maintains them (IASB).
<h3>Why is it necessary to use International Financial Reporting Standards (IFRS)?</h3>
By improving the quality and comparability of financial data on a global scale, IFRS Accounting Standards increase transparency and empower investors as well as other market players to make wise financial decisions.
<h3>Why is IFRS based on principles?</h3>
The adoption of principles-based accounting is necessary because IFRS is intended for international application. Hard-set norms from one nation may not be accepted in another due to disparities in business practices or legal systems.
Learn more about International Financial Reporting Standards (IFRS): brainly.com/question/16244998
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