Answer:
The correct answer is "the sum of all monetary transactions involving final goods and services that occur in the economy in a year"
Explanation:
The Gross Domestic Product is divided into nominal GDP and the real GDP.
The Nominal GDP is the sum of all monetary transactions involving final goods and services that occur in the economy in a year.
The Real GDP is the sum of all monetary transactions involving final goods and services that occur in the economy in a year, but adjusted to the inflation. The real DGP can consider changes in price level and can present a more accurate figure of economic growth.
Answer and Explanation:
Appraised value Percent of Total Appraised
1. Land $192,000 45%
2. Land Improvements $72,000 10%
3. Building $216,000 45%
Total $440000 100%
X Total cost of acquisition = Apportioned cost
1. $352,755 $158,739.75
2. $352,755 $35,275.5
3. $352,755 $158,739.75
total $352,755
general journal debit credit
building 158,739.75
land 35,275.5
land improvements 158739.75
cash 352,755
Answer: notional
Explanation:
A notional amount also sometimes referred to as the face amount is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument.
The effective notional amount had to do with the notional amount that has already been stated and further adjusted when the leverage factor is considered.
A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>