What Is Diminishing Marginal Utility?

Druganaut company buys a $21,000 van on credit. the transaction will affect the

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak