Answer: The third option is correct. Option C
Explanation:
This contains two different questions which are not properly written. The real question is in the image I attached.
The sum of total goods or services produced in a financial year domestically that is within a boundary of the country or geographical area is known as GDP.
If constructed earlier, housing units or housing services will not be included in the GDP and also market value is never taken into account.
Option C is correct as neither of them will taken into account while calculating GDP.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $768,000
Service Charge Expense A/c $32,000
To Accounts Receivable A/c $800,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $800,000 × 4%
= $32,000
Answer:
Cost of new machine:
= List price of new machine - Trade allowance + Fair value of old machine
= $16,000 - $9,000 + $6,000
= $13,000
Therefore, the journal entry is as follows:
Cost of new machine A/c Dr. $13,000
Accumulated depreciation (Book Value) A/c Dr. $4,000
Loss on exchange of machine A/c Dr. $2,000
To Old Machine (Book Value) $12,000
To Cash (16,000 - 9,000) $7,000
(To record the machine exchange)
It is given that on July 1, Cooper Corporation r<span>eceived $20,000 from Smith Industries in exchange for services performed. The accounting entries that Cooper Corporation should make to record this event is:
Cash $20,000
Service Revenue $20,000
It is because Cooper Corporation received a service made by the
Smith Industries, thus it increased the cash or debited the cash account and there is increase on its income (credit side).</span>
<span>The father of modern Russia taxed wearers of these in 1705. Only orthodox clergy were exempt from the tax. what was being taxed?
Their BEARD was being taxed.
Peter the Great wanted to follow European men in not wearing beards in order to "modernize" Russia. He imposed taxes on Russian men who opted to keep their beards rather than be clean shaven. </span>