Answer:
The answer is B. contributes to U.S. GDP, but not U.S. GNP
Explanation:
Gross Domestic Product (GDP) is the market value of all final goods and services produced within the economy of a country within a period of time.
Gross National Product(GNP) is the market value of all final goods and services produced by a citizen of a country irrespective of whether they are in the country or outside the country within a period of time.
The BMW plant in Spartanburg which produces $10million worth of vehicles is in USA but the company in owned by Germans. Since it is produced within the economy of USA, it will count for USA's GDP but it won't count for USA's GNP because it is not owned by USA citizen rather, it will count for Germany's GNP because it is owned by Germans.
Low gross domestic product
The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance
<h3>What is an adjusted trial balance?</h3>
Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.
An adjusted trial balance include:
- Adjustment for prepaid and accrued expenses.
- Depreciation
Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.
Learn more about adjusted trial balance here: brainly.com/question/14274904
The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
<h3>What are financial statement audits mostly focused on?</h3>
- In a financial statement audit, the auditor is able to determine with a reasonable degree of assurance whether there are no major misstatements in the financial statements.
- Cash can easily stolen or misplaced. As a result, it's critical to put internal controls in place to protect these assets and ensure that only authorized individuals have access to them.
- A fundamental internal control process is to deposit all cash receipts in the bank as soon as possible. Cash receipts are frequently deposited by businesses each day.
- The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
To learn more about Accounting mistakes at the business refer to:
brainly.com/question/25671660
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Answer:
C
Explanation:
Fewer Movie goers will pay a hier price
