The Ruby Falls Independent School District receives significant payments in lieu of taxes from the federal government to reimburse the district for lost revenues because a military base, which is not subject to property tax, is within the district's
boundaries. These payments should be reported as
A. Other financing sources — transfer.
B. Revenue.
C. An extraordinary item.
D. A special item.
B
Business
You might also like to view...
Regarding the findings from a SWOT analysis, organizational strengths are ________.
a. MBO skills that should be emphasized b. external opportunities that a company can take advantage of c. environmental factors that the organization may exploit for competitive advantage d. skills and capabilities that give a company advantages in executing its strategies
Business
The main reason companies retire bonds prior to their maturity date is to relieve the pressure of paying interest payments
Indicate whether the statement is true or false
Business