Answer:
Truth in Savings Act
Explanation:
The law was passed to bring fairness in the financial statements of the financial institutions because their mismanagement of operations has a great impact on the organizations and the pensioners. It was evident when a large group of financial institutitons got bankrupt when Enron collapsed which affected all the pensioners in the US. So to bring fairness and emphasize additional control on the financial institutions the US government passed the Truth in Saving Act to safeguard its resident's future income.
Answer:
Governments that are interested in minimizing the efficiency costs of taxation should only tax goods where demand or supply, or both, are relatively inelastic.
Explanation:
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Answer: a form of government expense that is not made in exchange for a currently produced good or service.
Explanation:
Transfer payment are the goods or services that are supplied to the residents of a country. They're the form of government expense that is given to people in the society and such payments are not made due to the exchange of goods or services.
Examples of transfer payments include unemployment benefits, Social Security, etc. The reason behind transfer payments is to help in the redistribution of income and to help the less privileged in the society.
<u>The answer is "the face".</u>
Robert Fantz began estimating the measure of time babies spent taking a gander at something as an approach to check how keen on it they were. Fantz announced that a two-month-old child spent twice as long taking a gander at a portray of the human face as at a bullseye, for example. Tests in view of look estimations have been the field's workhorse from that point onward. It is no misrepresentation to state that without looking-time measures, we would know almost no about almost any part of baby improvement.
Generally accepted accounting principles are the standards and rules that accountants follow while recording and reporting financial activities.
<h3>
What is Generally accepted accounting principles?</h3>
A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board is known as generally accepted accounting principles (GAAP) (FASB). When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.
Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.
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