AD Will Shift to the Left, Other Things Being Equal

question 20

Multiple Choice

AD will shift to the left, other things being equal, when:

• A)the government budget surplus decreases because government purchases rose.
• B)the government budget surplus increases because taxes rose.
• C)the government budget surplus decreases because transfer payments fell.
• D)under any of the above circumstances.

Determine the factors involved in computing depreciation.

Assess and compare asset productivity through calculations like total asset turnover.

Know the modifications in estimates affecting the useful life or residual value of assets and their accounting treatment.

Understand and explain the concept and importance of receivables in financing.

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Definitions:

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