1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
3 years ago
7

Interest you receive from a bank is not considered income True or False?

Business
2 answers:
bulgar [2K]3 years ago
6 0
Any interest that you receive from a bank is taxable income, so I guess its false 
Komok [63]3 years ago
6 0

Interest you receive from a bank is not considered income.

The answer is false.

You might be interested in
In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of
Amanda [17]

Answer:

  • what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

8 0
3 years ago
The Conceptual Framework, ________________, reflects a centrality of affirmed principles, beliefs, and practices that guide the
Komok [63]

Answer:

Model for learning

Explanation:

4 0
3 years ago
In the money creation process, the simple money multiplier assumes that banks hold no excess reserves. What is the consequence o
Alinara [238K]

Answer:

If banks hold excess reserves, then the money multiplier will be smaller.

Explanation:

It is easier to understand using an example:

required reserve rate = 5%

money multiplier = 1 / 5% = 20

if $100 are injected in to the economy and they are deposited in the banking system, the money supply will increase by $100 x 20 = $2,000. But this calculation only works if banks lend 100% of the loanable funds, but if instead banks only lend $90, instead of $95 ($100 x 95%), then the money multiplier will be 1 / 10% = 10. In this case, the money supply will only increase by half

7 0
3 years ago
According to the path-goal theory, directive leadership will lead to higher employee satisfaction when there is ________ within
lakkis [162]

Answer:

The correct answer here would be Cohesiveness.

Explanation:

Path goal theory is a type of motivational theory, which tells about how leaders can motivate their subordinates in accomplishing the designated goals.  Here directive leadership will help in increasing employees satisfaction when there is cohesiveness with in a work group. Cohesion in the group means that people in the group are working in unity and works towards achieving the goals and also satisfying emotional needs of group members.

8 0
3 years ago
Rhonda has an adjusted basis and an at-risk amount of $7,500 in a passive activity at the beginning of the year. She also has a
mixer [17]

Answer:

c. $9,000

Explanation:

a. Adjusted basis in the passive activity: $0

b. Rhonda is facing a net loss of $12,000 from passive operation.

Since it uses $7,500 of the loss to. the total at risk to $0.

c. This year passive loss suspended $7,500

The loss suspended in the prior year is $1,500

So, Therefore, the suspended passive loss passed over to the following years total $9,000

Now, Suspended passive loss $9,000 ($7,500 suspended loss in current year + $1,500 suspended loss in the previous year)

6 0
3 years ago
Other questions:
  • A foreign subsidiary of the Bart Corporation has certain balance sheet accounts on December 31, 20X2. Information relating to th
    8·1 answer
  • Ellen, a manager at a marketing firm, noticed that one of her subordinates, who is usually good-natured, has been moody, irritab
    8·1 answer
  • David and Bella started a new company and decided that the net profit will be divided in a 6:7 ratio respectively. At the end of
    8·1 answer
  • Calculate the total dollar of each sale. including invoiceid, invoicedate
    6·1 answer
  • _____ refers to the growth and spread of investment, trade, production, communication, and new technology around the world.
    13·1 answer
  • Zeus Industries sells satellite television systems. Recently, the company invested heavily in one of the many new technologies a
    10·1 answer
  • In an open economy, gross domestic product equals $1,970 billion, government expenditure equals $300 billion, investment equals
    10·1 answer
  • You manage inventory as per the Economic Order Quantity (EOQ) model. However, you realize that you incorrectly specified the fix
    11·1 answer
  • Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of
    13·1 answer
  • Please help branliest to correct answer no guessing please
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!