Answer:
a. a good that is not counted in GDP.
Explanation:
Leisure is not counted in GDP if the leisure activity does not have a market value, and is not exchanged in the markeplace.
For example, going for a walk, or sitting at a park to read are leisure activities that are not considered economically productive, and therefore, are not counted in GDP.
Answer:
A. $190,000
Explanation:
The breakdown analysis of Balance Sheet and Income Statement in terms of Cash in the form of Operating, Investing and Financing activities is known as Cash Flow Statement or the Statement of Cash Flows.
In Investing Activities Cash Flow we simply add Cash Proceeds from the sale of assets and subtract any proceeds from the purchases. The difference between the two is called Cash Flow from investing activities and it how much cash surplus or deficit we have from Investing Activities of Cash.
In the Statement of Cash Flows calculating Net Cash provided by investing activities is simple. Simply add Sale of Land, Sale of Equipment and Issuance of Common Stock. Subtract Purchase of Equipment from it and you will get the Net Cash Flow from Investing Activities.
Payment of Cash Dividend is the Financing Activities item so will not be taken into consideration in Investing Activities Cash flow as follows:
(+) Sale of Land $100,000
(+) Sale of Equipment $50,000
(+) Issuance of Common Stock 70,000
(-) Purchase of Equipment $30,000
NET CASH FLOW from INVESTING ACTIVITIES $190,000
As a result of Z best recording the transaction by increasing cash and decreasing stockholders' equity, the result would be The accounting equation is out of balance, SE is understated, contributed capital is understated,
<h3>What happens when stock is incorrectly recorded?</h3>
When Z Best issued common stock, they should have increased cash and increased stockholders equity.
Because they did not do that, they made the stockholders equity understated and the contributed capital as well. As a result of this, the accounting equation will not balance:
Assets = Equity + Liabilities
The accounting equation will not balance because assets will be more than the sum of equity and liabilities.
Find out more on the accounting equation at brainly.com/question/14236545
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