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1 year ago

If a bank has ratesensitive assets than liabilities, then in interest rates will increase bank profits.

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7 0

If a bank has <u>more</u> ratesensitive assets than liabilities, then <u>an increase</u> in interest rates will increase bank profits.

In financial accounting, a liability is defined as the future sacrifices of financial benefits that the entity is obliged to make to other entities due to past transactions or different past occasions, the agreement of which may additionally bring about the transfer or use of belongings, provision of services or any other yielding of economic benefits within the future. In simple words, a liability is something a person or company owes, usually an amount of money.

Liabilities are settled over time thru the switch of economic advantages along with money, items, or services. Liabilities can be contrasted with assets. Liabilities confer with things that you owe or have borrowed; assets are things which you own or are owed by somemone.

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Answer:

$2.29

Explanation:

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3 years ago

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3 years ago

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Answer:

2016 Depreciation

Dr depreciation expense $5720

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Dr depreciation expense $5720

Cr Accumulated depreciation $5720

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Dr repairs and maintenance $2900

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Explanation:

There are two policies for depreciating non-current asset especially when it is acquired part-way through the year like we have here, namely full year depreciation in the year of purchase and none in the year of disposal or proportional depreciation throughout the useful life,I am adopting the former in this question.

Formula for depreciation=cost-residual value/useful life

Yearly depreciation is ($57200-$0)/10=$5720

However,after two years the book value is calculated thus:

Book value=$57200-($5720*2)=$45760

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3 years ago

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3 years ago

A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,

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Answer:

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3 years ago

If a bank has ________ ratesensitive assets than liabilities, then ________ in interest rates will increase bank profits.

If a bank has ratesensitive assets than liabilities, then in interest rates will increase bank profits.