The appropriate fiscal policy for when an economy goes into recession would be the expansionary fiscal policy.
Answer:
true is the correct answer right
Answer:
The correct answer is letter "A": the ease with which an asset is converted to the medium of exchange.
Explanation:
The liquidity of an asset reflects the ease with which it can be transformed from investment to cash. Liquid assets are those that can be transformed easily to cash and see little or no difference in the value of the assets when transformed. Illiquid assets are more difficult to convert and can result in a major decrease in value once converted.
Answer:
$135,000
Explanation:
The realized gain can be calculated as under:
Realized Gain = Market Value received - Adjusted Basis
Here
Market Value received is $375,000 (350k + 25k)
Adjusted Basis $240,000
By putting values, we have:
Realized Gain = $375,000 - $240,000 = $135,000
Answer:
2. A result of recognizing revenues and expenses that arise from the same transaction.
Explanation:
Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.
It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.
Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.
