all questions asap plz 37. Which of the following is generally not a reason why
ID: 2567473 • Letter: A
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all questions asap plz
37. Which of the following is generally not a reason why governments engage in business- type activities? A) They can use the activities to raise property taxes B) They can provide the activity more economically C) They want to control the activity D) The activities support the mission of the government, i.e., quality of life and may not be available by third parties For Questions 38 through 41, please answer True (A) or False (B) 38. Overlapping debt is recorded in the Statement of Net Position of the Government-Wide statements. A) True B) False 39. If user charges are paid by third parties, then a government would use an internal service fund? A) True B) False 40. Municipal debt typically carries a higher interest rate than corporate debt? A) True B) False 41. Term bonds typically carry a higher interest rate than serial bonds? A) True B) False 42. A defined benefit pension plan is one in which: a) The employer promises specified payments to employees upon their retirement b) The specific provisions are defined by IRS code c) The specific provisions are defined by the Uniform Code of Retirement Plans d) The employee must match the company's contributionsExplanation / Answer
38.
Overlapping debt is not reflected underlying the statement pertaining to net position associated with government wide statement because the total indebtedness amount that is being associated with taxable property is reflected in statement of overlapping and direct debt.
Therefore, the correct answer is “False”
39.
Internal service fund is taken into consideration for financing the service or goods that are being provided by one department to other department on the basis of cost reimbursement. This technique help provide with better control pertaining to service and cost levels.
Therefore, the correct answer is “False”
40.
Municipal bonds refer to the bonds that are being issued by local or state government. These bonds stand less risky than when compared with corporate bond as they are issued by the big companies. There are more chances of default by the company than a government; therefore the municipal debt carries a lower interest rate when compared with corporate debt.
Hence, the correct answer is “false”
41.
Serial bonds refer to the bond that matures in different intervals and not on a single date. Since, the maturity takes place at different intervals therefore different interest rate is attached to it due to which the interest rate in serial bond is usually low. The terms bond on the other hand possess only one maturity after a specific period of time due to which the rate of interest in these type of bond are usually high.
Hence, the correct answer is “True”
42.
A benefit plan refers to the plan for retirement that includes lump sum or particular pension payment which is being sponsored by the employer. The computation of the employee benefit is undertaken using formula that takes into consideration various factors such as salary history, length of employment, earning of employees.
Hence, the correct answer is “a”
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