Ask Question
31 August, 22:01

The county commission passed into law through an ordinance a requirement to set aside 5 percent of the county's tourism taxes for tourism campaigns to be started in the upcoming fiscal year. How would the 5 percent in tourism tax revenues be classified in the county's fund balances at the end of the current fiscal year?

a) Committed.

b) Assigned.

c) Restricted.

d) Unassigned.

+4
Answers (1)
  1. 31 August, 23:46
    0
    a)

    Explanation:

    Based on the information provided within the question it can be said that the 5% tourism tax revenues would be classified as committed. This is because this percentage was pledged as part of the policy that was passed into law by the county commission. Therefore this money is dedicated to that policy alone and must be used for that.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The county commission passed into law through an ordinance a requirement to set aside 5 percent of the county's tourism taxes for tourism ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers