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
Vanyuwa [196]
3 years ago
12

On a bank's T-account, which are part of the bank’s assets? a. both deposits made by its customers and reserves b. deposits made

by its customers but not reserves c. reserves but not deposits made by its customers d. neither deposits made by its customers nor reserves
Business
1 answer:
avanturin [10]3 years ago
8 0

Answer:

The correct answer is C

Explanation:

Bank asset is the assets which represent the ownership of the value capable of being converted into cash. So, the reserve which the banks hold or refrain from using will be classified as the asset for the bank. And the deposit made by the customer will be classified as the current liability as the bank allows the customers to use their deposits whenever they want to use.

Therefore, the reserve is a part of bank asset whereas the deposits will not be a part of bank asset.

You might be interested in
QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty
prisoha [69]

Answer:

<em>On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts</em>

<u>Recording of revenue:</u>

Cash $490 (debit)

Revenue $490 (credit)

<u>Recording of Warranty granted :</u>

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00  (credit)

$490 × 10% = $49.00

<em>On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory</em>

<u>When warranty is subsequently received:</u>

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

Explanation:

<em>On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts</em>

<u>Recording of revenue:</u>

Cash $490 (debit)

Revenue $490 (credit)

<em>We Recognise Revenue to depict transfer of control of mower</em>

<u>Recording of Warranty granted :</u>

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00  (credit)

$490 × 10% = $49.00

<em>There is no option for customer to take the warranty or not, so this is a service warranty.The warranty is measured at the best estimate of expenditure required to settle the obligation that is at 10% of sales.</em>

<em>On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory</em>

<u>When warranty is subsequently received:</u>

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

<em>Utilise the Warranty Provision when the warranty claim is subsequently received</em>

<em></em>

7 0
3 years ago
Students who begin college not knowing what they want to study is a_____.
11111nata11111 [884]
Option c (I think)......
5 0
3 years ago
Johnson’s Fruit Farm is one of several stores in the county where customers can purchase locally grown fruits and vegetables. Ho
Vlada [557]

Answer:

The answer is: True

Explanation:

Strategic positioning refers to  carrying out activities that will differentiate your business from its competition.

By offering weekly workshops, Johnson's Fruit Farm is developing a core competency which will help them gain competitive advantage over other stores in their county.

7 0
3 years ago
A burger and fries cost $2.20. the burger costs $2.00 more than the fries. how much do the fries cost?
NikAS [45]
To solve this question, we need to do a substitution formula on both equations

Burger + Fries =  $ 2.20

Burger - Fries = $ 2.00


________________________ - 

             2 Fries   = $ 0.20

                Fries    = $ 0.1
6 0
3 years ago
Basic earnings per share is calculated as net income available to common shareholders divided by Multiple choice question. avera
Ratling [72]

Basic earnings per share is calculated as net income available to common shareholders weighted average common shares outstanding.

<h3>What is basic earnings per share?</h3>

Basic earnings per share is the share of a firm's net income that is available to each unit of its common outstanding shares. Basic earnings per share differs from diluted earnings because it excludes preferred shares from its calculations.

Basic earnings per share = (net income - proffered shares) / common outstanding shares

To learn more about  basic earnings per share, please check: brainly.com/question/7303176

3 0
2 years ago
Other questions:
  • The management of a facility that manufactures parts for car brakes has a policy of testing only some of the items in each produ
    7·1 answer
  • Casio, a giant electronic products producer, synthesizes it abilities in miniaturization, microprocessor design, material scienc
    12·1 answer
  • LO 1.1Which of the following is false regarding strategic planning?
    15·1 answer
  • Use the following information for Exercises 8-9 below. (Static)[The following information applies to the questions displayed bel
    7·1 answer
  • The Old World Café’s cash register receipts showed total sales of $884. The cash equaled $534, and the credit card slips equaled
    7·1 answer
  • Sarah has investments in four passive activity partnerships purchased several years ago. Last year the income and losses were as
    13·1 answer
  • Can a student provide a student ID to purchase alcohol
    6·2 answers
  • List four sources you can use to locate job leads
    9·1 answer
  • What is a specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to
    8·1 answer
  • If a car company collaborated with a sheet metal supplier, the car company would be the supplier's ______.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!