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xxTIMURxx [149]
3 years ago
14

Falcon, inc., paid salaries of $500,000 to its employees during its first year of operations. at the end of the year, falcon had

additional unpaid salaries of $45,000.
a. calculate the salary deduction if falcon is a cash basis taxpayer. $
b. calculate the salary deduction if falcon is an accrual basis taxpayer.
Business
1 answer:
Anestetic [448]3 years ago
8 0
A i would say cause its affordable and esay to do
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The desired reserve ratio is 10 percent of deposits, and the currency drain ratio is 1 percent of deposits.
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Answer:

Quantity of money changes by $50,000,000

Explanation:

Desired reserve ratio = 10% = 0.1

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2 years ago
Accounting question, please help
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Accrual basis.

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2 years ago
In a study to investigate the effects of alcohol on reflexes, some students were given three bottles of beer and some were given
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Viva, Inc. bought machine X for $18,000 two years ago. The machine had no residual value and had an estimated useful life of 10
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$14,400

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