What is the difference between federal purchases and federal expenditures? A. The difference between federal purchases and federal expenditures is so small that it is generally ignored. B. Federal purchases and federal expenditures both require that the government receives a good or service in return. C. Federal purchases require that the government receives a good or service in return, whereas federal expenditures exclude transfer payments. D. Federal purchases require that the government receives a good or service in return, whereas federal expenditures include transfer payments. Are federal purchases higher today than they were in 1960? A. As a percentage of GDP, federal purchases have remained unchanged since 1960. B. As a percentage of GDP, federal purchases have decreased since 1960. C. As a percentage of GDP, federal purchases have increased since 1960. Are federal expenditures higher today than they were in 1960? A. As a percentage of GDP, federal expenditures have decreased since 1960. B. As a percentage of GDP, federal expenditures have remained unchanged since 1960. C. As a percentage of GDP, federal expenditures have increased since 1960.

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Afamily wishes to save for future college expenses. which financial tool should the family invest in?