What is deflation?
a. a lack of economic growth.
c. a decrease in the general price level.
b. a reduction in the supply of money.
d. a decrease in a nation’s standard of living. select the best answer from the choices provided a b c d

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.