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  3. 1) are there any limits on government taxation or

1) Are there any limits on government taxation or spending? Explain. 2)...

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Accounting

1) Are there any limits on government taxation or spending? Explain.
2) Distinguish among line-item, responsibility center, and program budgets.
3) Discuss how having a flexible budget would have been useful for governmental, health, and not-for-profit organizations when the COVID pandemic hit the United States in 2020.
4) Describe zero-based budgeting.
5) What do functional financial statements do?

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