If Per Capita GDP in 2015 Was $1,000 and in 2016

question 62

Multiple Choice

If per capita GDP in 2015 was $1,000 and in 2016 was $1,200, the growth rate of per capita GDP was:

• A) 1.2 percent.
• B) about 17 percent.
• C) 20 percent.
• D) 120 percent.
• E) Not enough information is given.

Identify and correct errors related to adjusting entries for accrued expenses and revenues.

Understand the implications of not making adjusting entries on financial statements.

Calculate the correct amount of reported revenue for transactions involving unearned revenue.

Determine the book value of depreciable assets after accounting for depreciation expense.

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