Question 5 of 10 Why is the GDP an important economic measurement?
A. It tells business what the best investment opportunities are.
B. It tells the government which countries are doing a better job of
managing resources.
C. It tells the government how much money is being made by U. S.
firms in foreign countries.
OD. It describes whether the economy is growing, shrinking, or staying
the same.
SUBMIT

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.