Answer: A. True
B. True
C. False
Explanation:
A. Both Mutual Savings Banks and Credit Unions are owned by the their depositors. Credit Unions are owned and operated by members for the purpose of creating banking services for themselves at a cheaper cost.
Mutual Savings Banks are also owned by members who felt that traditional banks did not favour them.
B. Demand Deposit accounts exist in both commercial banks and Credit Unions but with different names. In Commercial banks they are known as Checking accounts for the most part but Credit Unions call them Share Draft Accounts and members of the Union can use these accounts by writing drafts like Commercial banks allow cheques.
C. While Credit Unions were formed usually for people in the same organisations or people with a common bond, Mutual Savings Banks were generally meant to uplift the lower economic classes so they did not share a common bond as Credit Union members do.
When you observe information, it's important to make sure you aren't cluttering your mind with unimportant information. Unimportant information refers to anything that you are observing while learning that won't matter overtime or, doesn't directly pertain to your situation. Observation can only be a useful skill if what you are observing you remember and can do after watching on your own.
Answer:
Explanation:
SOLUTION
Current year deduction of $3 million, carry forward of $200,000.
Reason:-
Business interest deduction limitation
Business Interest Income = $300000
+ 30% *$9m ie $2.7m
Total current year deduction = $3m
Remaining $200,000 will be allowed next year.
Company A's cost structure has higher fixed costs than B's.
<h3>What is income?</h3>
- Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration.
- Conceptually, income is hard to define, and different fields may have distinct definitions.
- For instance, a person's income may differ from their income as defined by law and in an economic sense.
- Haig-Simons income, which defines income as Consumption + Change in Net Worth and is commonly applied in economics, is a very significant definition of income.
<h3>What is the company?</h3>
- A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
- Members of the company work together for a shared cause in order to accomplish clearly stated objectives.
- Companies come in many shapes, including:
- voluntary associations.
- such as nonprofit organizations, for-profit companies.
- banks, and programs, or educational institutions.
- whose goal is to make a profit.
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