Table 23-1
the Following Table Contains Data for Mindalion for the Year

question 143

Multiple Choice

Table 23-1
The following table contains data for Mindalion for the year 2019.
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$$\begin{array} { | l | l | } \hline \text { GDP } & \$ 700 \\\hline \text { Income earned by citizens abroad } & \$ 13 \\\hline \text { Income foreigners earn here } & \$ 12 \\\hline \text { Losses from depreciation } & \$ 5 \\\hline \text { Indirect business taxes } & \$ 10 \\\hline \text { Statistical discrepancy } & \$ 0 \\\hline \text { Retained earnings } & \$ 8 \\\hline \text { Corporate income taxes } & \$ 12 \\\hline \text { Social insurance contributions } & \$ 30 \\\hline \text { Interest paid to households by government } & \$ 8 \\\hline \text { Transfer payments to households from government } & \$ 55 \\\hline \text { Personal taxes } & \$ 60 \\\hline \text { Nontax payments to government } & \$ 11 \\\hline\end{array}$$
-Refer to Table 23-1. Gross national product for Mindalion in 2019 is

• A)$696.
• B)$700.
• C)$701.
• D)$725.

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Definitions:

Petty Cash

A small amount of cash kept on hand for minor, incidental expenses.

Cash Over And Short

An account used to report minor discrepancies between physical cash amounts and accounting records.

Receipts For Disbursements

These are documents that serve as proof of payment transactions, such as the payment of expenses or the distribution of cash.

Petty Cash Fund

A minimal sum of money kept in reserve for covering minor costs that aren't worth issuing a check for.