When a budget is balanced, expenditures equal borrowing plus ____.
A) gross revenues
B) net revenues
C) cash and short-term investments
D) capital assets

Name: When a budget is balanced, expenditures equal borrowing plus ____. A) gross revenues B) net revenues C) cash and short-term investments D) capital assets
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Question

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Net revenues are the difference between gross revenues and expenditures. When a budget is balanced, expenditures equal borrowing plus net revenues.

When a Budget Is Balanced, Expenditures Equal Borrowing Plus ____