Answer: The deficit is lower when compared to 2010.
Explanation:
The United States Budget for 2010 titled "A New Era of Responsibility: Renewing America's Promise by President Barack Obama's budget in 2010 was $3.456 trillion for expenditure and total revenue was $2.163 which led to a budget deficit of $1.294 trillion.
In 2019, the revenue was $3.422 and expenditure was $4.407 which led to a budget deficit was $985. It can be deduced that there has been a reduction in the budget deficit when compared to 2010.
Answer: Beginning finished goods inventory plus Cost of goods manufactured Minus Ending finished goods inventory
Explanation:
When calculating the cost of goods sold for a manufacturing company, the entries involved would be the goods manufactured by the company.
The new goods manufactured will be transferred to the Finished goods inventory account and their costs will be added to the cost of the finished goods inventory that is already there.
At the end of the period, the remaining finished goods inventory is deducted from the figure gotten above so that the cost of the goods sold in the period is acquired.
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