Finance

Question 1

What are the long-term threats to the fiscal solvency society safety net in the United States? What are some of the ideas that have been proposed to reach sustainability?

Question 2

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What are the differences between full accrual, modified accrual, and cash base accounting?

When are revenues and expenditures recognized?

What does it mean to balance a budget on a cash basis compared to an accrual basis?

What are some of the accounting gimmicks that are facilitated by the different bases of accounting?

 

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