<span>This visit to the proctor by Hale occurs after the events that transpired in the town of Salem. Hale feels immense guilt for allowing events to get out of hand in Salem. It is this conflict which gives him a more demure outward persona.</span>
Answer: The income statement should reflect $15,000.
Explanation: The reason is because accounting procedures are always guided by certain principles or concepts. One of such concepts is the Realization Concept. This simply states that income is considered to have been earned when the goods/services have been dispatched /rendered to the client and the client has incurred liability for such (or has accepted his/her indebtedness). The Accrual Concept is also applicable in the above instance because this concept/principle states that revenues and expenses are recognized as soon as they are earned and incurred and not when money is expended or received. So basically, XYZ Law firm has provided services for two clients. One of them has paid while the other will pay sometime later. Both of them are already recognized as revenue and the current income statement will reflect revenue transactions to the tune of $15,000.
California's GDP in step with capita is $60,000, even as Nevada's GDP according to capita is $forty,000. if both grow at 2 percent in step with yr two states to have the equal GDP per capita, they'll never have the same GDP per capita.
GDP stands for "Gross Domestic Product" and represents the overall monetary cost of all very last items and services produced (and offered available on the market) inside a country during a time period (normally 1 year). reason. GDP is the most usually used degree of economic interest.
GDP is measured via taking the portions of all items and services produced, multiplying them by way of their fees, and summing the full. GDP may be measured either through the sum of what is purchased inside the economy or by using what's produced. call for may be divided into consumption, investment, government, exports, and imports.
We realize that during an economy, GDP is the monetary price of all very last items and offerings produced. for instance, let's say u. s. a . B simplest produces bananas and backrubs. items and offerings Produced in the united states B In yr 1 they produce five bananas which might be really worth $1 each and 5 backrubs which are worth $6 every.
GDP is important because it gives records approximately the size of the economy and how an economic system is performing. The booming rate of actual GDP is frequently used as an indicator of the general fitness of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economic system is doing well.
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