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MakcuM [25]
1 year ago
13

Suppose the fed sells $50 million of government securities to the bank of america. complete the sentences. the fed's total asset

s ______ and its total liabilities ______.
Business
1 answer:
abruzzese [7]1 year ago
7 0

Suppose the fed sells $50 million of government securities to the bank of America. complete the sentences. the fed's total assets increase by​ $50 million and its total liabilities do not​ change.

<h3></h3><h3>What are liabilities?</h3>
  • A liability is defined in financial accounting as the future forfeitures of economic benefits that an entity must make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, the provision of services, or another future yielding of economic benefits.
  • Financial accounting liabilities might be based on equitable duties or constructive obligations rather than having to be legally enforceable.
  • A responsibility based on moral or ethical principles is referred to as an equitable obligation.
  • Contrary to an obligation that is founded on a contract, a constructive duty is one that is suggested by a particular combination of circumstances.

To learn more about the liability, refer to the following link:

brainly.com/question/24534918

#SPJ4

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Cow’s Milk Creamery, Inc., needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,
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Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True
Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

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3 years ago
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The Long-Run Aggregate Supply curve represents the full employment capacity of the economy and depends on the amount of resources available for production and the available technology.

<h3>What is Long-Run Aggregate Supply Curve?</h3>

The Long-Run Aggregate Supply (LRAS) Curve depicts the relationship between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output of full employment.

To learn more about LRAS visit:

brainly.com/question/27064601

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5 0
1 year ago
An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting a
LekaFEV [45]

Answer: The following would the accountant do related to the compilation engagement: <u><em>Issue a compilation report even though review procedures were performed on the engagement.</em></u>

Under Statements of Standards for Accounting and Review Services (SSARS), the accountant decided to perform some analytical procedures.

<u><em>Therefore, the correct option is (d)</em></u>

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