Answer:
A. Debit inventory for $20 and credit expense for $20.
Explanation:
We should remember that we cannot recognize a gain before is realized. Increasing the inventory for their net realizable value would reocgnize the gain before selling the good that is not correct. The comapny will adjust to their original cost of 100 that is, reverse the 20 dollars loss of the previous year.
 
        
             
        
        
        
Group of answer choices:
A) An uncertain correlation between taxes and output GDP.
B) A strong negative relationship between taxes and output GDP.
C) A strong positive relationship between taxes and output GDP.
D) A weak positive relationship between taxes and output GDP.
Answer:
The correct answer is letter "C": A strong positive relationship between taxes and output GDP.
Explanation:
According to "<em>The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks</em>" published by <em>Christina and David Romer</em> in 2010 tax increases are highly contractionary causing relevant-robust effects in the overall economy, positively affecting the Gross Domestic Product (<em>GDP</em>) output level.
 
        
             
        
        
        
Answer:
Most trades on NYSE are executed electronically. Brokers can still make trades manually, but the majority of trades today are executed through the exchange's electronic systems.
Explanation:
A Floor trader is someone who who owns a trading license and buys and sells for his or her personal account, an individual on the floor of the NYSE.
A designated market maker is one who acts as a dealer in one or more securities on the floor of the NYSE.
A dealer is one who maintains an inventory from which he or she buys and sells securities.
A broker is an agent who arranges a transaction between a buyer and a seller of equity securities.
 
        
                    
             
        
        
        
Answer:
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