Which of the following is an important implication of the environmental Kuznets curve?
a) Society will not focus much on education.
b) Economic inequality decreases over time while a country is developing.
c) More economic growth will not necessarily lead to steadily increasing levels of pollution.
d) Environmental quality in growing economies will follow a path of long-term deterioration.
Ans: c) More economic growth will not necessarily lead to steadily increasing levels of pollution.
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The general ledger shows a balance of $66,400 in the Merchandise Inventory account at the end of the period. The physical inventory count shows inventory of $63,000. The adjusting entry includes a ________
A) debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,400 B) debit to Cost of Goods Sold and a credit to Cash for $3,400 C) debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,400 D) debit to Merchandise Inventory and a credit to Cash for $3,400