A certain politician has a brilliant idea. he will increase his popularity and assure reelection by giving away cash to everybod
y in the country. he will give $1 to a certain u.s. citizen, $2 to another, $3 to another, and so on until he has given away $297,624,985 to the 297,624,985th and last citizen of the united states.
<span>Put all of these numbers in a line...obviously, don't put ALL of them, but enough so you can see what you're doing.
1 + 2 + 3 + ... + 297,624,985
Now put all these numbers BACKWARDS underneath that.
1 + 2 + 3 + ... + 297,624,985
297,624,985 + 297,624,984 + 297,624,983 + ... + 1
Now add the first series to the second, and you'll see that they add up to:
297,624,986 + 297,624,986 + 297,624,986 + ...297,624,986
Since there were 297,624,985 terms, the total sum here is
297,624,986 * 297,624,985
But since you added it twice, you divide it by two:
148,812,493 * 297,624,985
This is 44,290,315,996,937,605, so...yes, it is MUCH larger.</span>
Any type of government policy that restricts free trade and the movement of capital can trigger the aforementioned consequences. Thus, the limitation of companies to obtain economic benefits can make them decide to close their activities, leaving employees on the street (increasing unemployment), reducing the country's economic production (causing the country's real GDP to decrease), and ultimately, generating monetary lags due to lack of economic production, generating devaluations that lower the international price level of the country's products.
E. Reports how equity changes over a period of time.
Explanation:
Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.
And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.
There is no statement prepared to show any change in owner's equity at a point.
Statement reporting cash flows is called cash flow statement.
