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exis [7]
2 years ago
7

Suppose that in 1969, the U.S. economy was operating close to potential. The budget deficit experienced by the United States in

1969 was:
Business
1 answer:
Nataly [62]2 years ago
3 0

Answer: primarily cyclical deficit

Explanation:

Budget deficit occurs when the government expenditure for a certain year is more than the revenue the government makes.

Since the the United States economy was operating close to potential. The budget deficit experienced by the United States in 1969 was primarily cyclical deficit.

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A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they ha
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Debit: Shrinkage expense $300

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To adjust for shrinkage, create a journal entry that looks like this:

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A(n) _________ occurs when one company buys the property and obligations of another company.
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