According to the Keynesian concept of efficiency, an efficient tax should be neutral in its effect on free market allocations of economic resources.
Answer the following statement true (T) or false (F)
False
You might also like to view...
If Parnell Industries is uncertain that it will collect all four payments from Ranger Inc and uses the installment method of accounting for revenue recognition what amount of gross profit should Parnell recognize in 2012 from the sale?
a. $0 b. $861,883 c. $172,377 d. $800,000
The dependence effect is based on John Kenneth Galbraith's claim that consumer demand depends on what producers have to sell. In effect, advertising, by creating wants, manipulates consumers and violates their autonomy.
Answer the following statement true (T) or false (F)
All cash receipts and disbursements, of governmental agencies, not required to be accounted for in another fund are accounted for in which of the following funds?
a. Fiduciary fund b. Proprietary fund c. General fund d. Debt service fund e. Special assessment fund
Each of the following is an important project auditing activity except
A. determining and establishing the standards B. preparing a revised scope document C. collecting and analyzing data D reporting and reviewing the results