Economic bads are items a. that individuals desire but which receive social disapproval. b. that receive social approval but which governments dislike. c. for which the produced quantity is less than the amount desired at a positive price. d. for which the desired quantity is less than what nature provides at a zero price.

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage

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