When Logging in the Pacific Northwest Destroys Forests That Hikers

question 23

Multiple Choice

When logging in the Pacific Northwest destroys forests that hikers would have used for eco-tourism,the destruction of the trails is an example of

• A) an external cost.
• B) a private cost.
• C) a government cost.
• D) an external benefit.
• E) None of the above answers is correct.

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Definitions:

General Journal

A bookkeeping ledger that records each transaction of a company in chronological order.

Reacquired

Pertains to items or shares that a company purchases back from investors or stakeholders, bringing them back into company possession.

Stockholders' Equity

The remaining value of a company's assets once all debts are subtracted, symbolizing the equity stake of its shareholders.

Journal Entries

Records of financial transactions in accounting, indicating the accounts affected, amounts, and descriptions of transactions.