What is a situation in which revenues exceed spending during a given period known as?
A) budget surplus
B) budget stimulus
C) budget deficit
D) budget forecast

Name: What is a situation in which revenues exceed spending during a given period known as? A) budget surplus B) budget stimulus C) budget deficit D) budget forecast
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Question

Quizplus · Accepted Answer

A budget surplus occurs when revenues exceed spending during a given period, meaning the entity has more income than expenses.

What Is a Situation in Which Revenues Exceed Spending During