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dimaraw [331]
2 years ago
5

Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business

Business
1 answer:
Lina20 [59]2 years ago
7 0

Because it did not have the power to levy taxes.

<h3>What is levy taxes?</h3>

A levy is the formal taking of your assets to pay off a tax debt. Liens are distinct from levies. A levy actually takes the property to pay the tax bill, whereas a lien only makes a legal claim against the property to secure payment of the tax debt.

Why did the Confederation Congress have trouble meeting?

The Confederation Congress struggled to satisfy its financial responsibilities needed to sustain government operations because it lacked the authority to charge taxes.

Learn more about levy taxes here brainly.com/question/2631725

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The Total amount is shown in the income statement $34,240

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The computation of the amount that should be presented in the 2020 income statement is shown below:

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rise in Fair value of Stock credited to the income statement ($74,000 - $52,000) $22,000

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(C) Unaffected.

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decrease, upward

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