The existence of the underground economy causes gross domestic product (gdp) statistics to _____

1 answer:

6 0

The existence of the underground economy causes gross domestic product (gdp) statistics to understate the true volume of economic activity. An underground economy unrecorded and untaxed economic activity by the government. An underground economic is also known as the black market. Gross domestic product also know as GDP is the total value of goods and services provided in a country during one year.

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Which ics function is responsible for documentation for mutual aid agreements?

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Planning

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The Incident Command System- Planning Section is tasked to collect, evaluate, disseminate information and prepares and documents Incident Action Plans. Documentation is one of the main responsibilities of the Planning Section.

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feisty children tend to learn to use the toilet with little difficulty, because they are biologically regulated is it true or fa

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It is false because most children are scared

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One of the advantages of a c corporation is ease of formation true or false

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Answer:

true

Explanation:

A corporation is a form of business that gives room for seprate , legal entity but it is usually guided by some group of intelectuals referred to as board of directors. The corporation structure is the most advantageous way to kick start a business because it is the corporation operates as a separate entity.

Corporation has all the legal rights of an individual except some little limitations on right to voting and some other little limitations.

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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. issue $80,000 in sto

Vsevolod [243]

The net total change in total assets comes out to 1,27,0000 when the change in assets and liabilities is computed.

<h3>What do you mean when you say "assets" and "liabilities"?</h3>

A company's assets are everything it possesses. They may be located on the balance sheet's left side. Liabilities are all debts that a company owes, both now and in the future. They may be found on the balance sheet's right side.

Current and fixed assets are the two categories of assets.

Current assets are those that can be turned into cash immediately. For example, Cash accounts receivable, and inventory is among them.

Current and long-term obligations are the two categories of liabilities.

Credit lines, loans, wages, and accounts payable are examples of current obligations that must be paid back within a year.

Thus,

According to the aforementioned circumstances, There will be a total shift of 1,27,0000 in assets.

Learn more about assets and liabilities:

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