Geraldine Parker,the Owner of Gi Gi's Dance Studio,started the Business

question 168

Multiple Choice

Geraldine Parker,the owner of Gi Gi's Dance Studio,started the business by investing $10,000 cash and donating a building worth $20,000.Identify the general journal entry below that Gi Gi's will make to record the transaction.

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Definitions:

Cyclical Unemployment Rate

The rate of unemployment caused by changes in the economic cycle, such as recessions or expansions.

Frictional Unemployment Rate

Frictional Unemployment Rate refers to the percentage of the labor force that is voluntarily moving between jobs, careers, or locations.

Structural Unemployment Rate

The long-term and chronic unemployment that exists even when the economy is at its productive best, often due to mismatches between skills and job requirements.

Overall Unemployment Rate

A percentage that represents the portion of the labor force that is not currently employed but is actively seeking employment.