In the United States, the Service Sector Accounts for Approximately

question 77

Multiple Choice

In the United States, the service sector accounts for approximately ________ % of the United States GDP.

• A) 10
• B) 30
• C) 50
• D) 80

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Definitions:

Unrealised Profit

Profits that have been earned but not yet realized through a transaction, such as an increase in the value of an investment that has not been sold.

Partial Goodwill Method

A method of accounting for a business combination where goodwill is only recorded in relation to the parent's share of ownership in the subsidiary.

NCI

Non-controlling interest (NCI) refers to the portion of equity interest in a subsidiary not owned directly or indirectly by the parent company.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.