As the Number of Goods and Services Increases,barter Becomes

question 6

Multiple Choice

As the number of goods and services increases,barter becomes

• A)easier because the chance of there being a double coincidence of wants increases.
• B)harder because the chance of there being a double coincidence of wants increases.
• C)easier because the chance of there being a double coincidence of wants decreases.
• D)harder because the chance of there being a double coincidence of wants decreases.
• E)easier because people have more choice.

Understand the process and importance of adjusting entries in financial statements.

Calculate financial transactions using the accrual basis of accounting.

Identify and record transactions in appropriate journals.

Distinguish between cash basis and accrual basis of accounting.