Basically, the data recorded in financial accounting which tend to reflect past events is known as Historical data.
The Historical data refers to various information about the company's past events such as the revenues, earnings, stock price etc.
The Historical data helps provides past event or information regarding the company financial position, liquidity, profitability etc.
Through the use of accounting techniques like the ratio analysis, funds flow analyse, cash flow statements, the financial data which become the historical data can be created.
Learn more about Historical data here
Actually financial accounting statements record all the transactions that occurred in the business, such as sales, purchases, etc. The user will be aware of whether the business made a profit or loss and he'll know how to improve the sale of goods.
B. an income tax
C.the same percentage of spending on Medicaid
One feature common to states is a balanced budget requirement.
A balanced budget is a budget in which revenues are equal to expenditures. A balanced budget occurs when your income is equal to or greater than your expenses. They are important because they help you minimize debt and live within your means. Many countries also use a balanced budget to help maintain a healthy economy and prevent their debt from growing too large. Thus, neither a budget deficit nor a budget surplus exists.
Therefore, (A) option is the correct answer.
To learn more about balanced budget, refer here :
#SPJ2
Answer:
The answer is A.a balanced budget requirement
Explanation:
Answer: Heading and then an introduction.
Explanation:
Heading is important as it gives a brief idea about the topic.
Introduction gives an overview of the topic.