Problem
Review the 17-14 case in Ch. 17 from Accounting for Governmental & Nonprofit Entities.
Respond to each requirement, A through D, in 90 to 175 words using Microsoft Word.
i. What are the amounts of the total budget deficit and net operating cost for the three most recent fiscal years?
ii. How do these two measures of federal government fiscal health differ?
iii. For the most recent fiscal year, identify the five largest components of the net cost of operations of the U.S. Government.
iv. What is the projected trend in surplus or deficit for future years? Which component of net cost is expected to grow the fastest in future years?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.