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Selected balances from the general ledger of the All Star Video Rentals on July 31,2016,are listed below.Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended July 31,2016.
Net Exports
The value of a country's total exports minus its total imports; it's a component of a nation's Gross Domestic Product (GDP).
Foreign Goods
Products or commodities that are produced in one country and then imported into another, making them external to the domestic economy.
Inventories
The quantities of goods on hand in a business at a specific time.
GDP Deflator
An economic metric that converts the current market value of all goods and services produced domestically into a figure adjusted for inflation.
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