Answer:
If the nation has a GDP of 100 billion Euros and a population of 10 million people, its GDP per capita in Euros is $ 10,000 (100,000,000,000 / 10,000,000 = 10,000).
Now, if said GDP per capita in US dollars were calculated, taking into account that the exchange rate is 1.10 dollars for every 1 euro, the GDP per capita in euros must be multiplied by the exchange rate, which gives us a result of a GDP per capita in dollars of $ 11,000 (10,000 x 1.10 = 11,000).
Therefore, the GDP per capita of this nation in U.S dollars is of $11,000.
I’m going to go with false.
Im pretty sure its 2) Fixtures
Sorry if its wrong
Answer:
Window Dressing causes Adjusting and Closing entries.
Explanation:
Window Dressing the alteration of financial performance near the year-end to appear as if performance has improved. To make the window dressing entry, some temporary and permanent accounts will be adjusted, especially Sales Revenue and costs to generate paper profits. These adjusting entries are closed to the Income Summary. The permanent accounts which are temporarily closed to the Balance Sheet for the period will also require some adjusting entries.