Answer:
Here is the full question:
<em>One important way in which banks make economic growth possible is by
:</em>
<em>A) selling savings bonds.
</em>
<em>
B) cashing payroll checks.
</em>
<em>
C) lending money to business startups.
</em>
<em>
D) offering checking and savings accounts</em>
Answer is C).
Explanation:
Bank loans are the most important bank product as loans represent the most profitable segment for the bank. Of course, banks do earn fees and commissions on various transactions and they do offer general personal account maintenance.
However, loans are the primary source of income for all banks, as loans are the bank products that give the bank a monthly interest rate, which is very lucrative in the long run.
Answer:
Most changes in accounting principles are only reported in current periods when the principle change takes place.
Explanation:
Accounting principle can be defined as a general guideline to be followed by accountants or financial institutions when they record and report their financial transactions.
A change in an accounting principle involves a change in an accounting method used.
For instance, an accountant switching between First In, First Out (FIFO) to Last In, First Out (LIFO) method of inventory valuation or by using another depreciation method.
Additionally, an accounting principle should only be changed, if it's applicable to the accounting framework being used such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Also, it is important to state in the footnotes of the financial statements a full disclosure to highlight the justification for the preferred change and financial implications of this change.
The following are true about the change in accounting principles;
1. Most changes in accounting principles are retroactively reported.
2. Changes in accounting principles are allowed when new principles are preferable to old ones.
3. Consistency is one of the biggest concerns when a change in accounting principle is undertaken.
Answer:
a. net worth
Explanation:
For this question, we applied the accounting equation which equals to
Total assets = Total liabilities + stockholder equity
Since the question said that
Total assets - total liabilities = ?
So, by use the above accounting equation
The Total assets - total liabilities = Net worth
Hence, the most appropriate option is a.
A hazard pictogram is being referenced. It must meet these requirements in order to deliver a clear, warning message.
Answer:
The correct answer is b. about half.
Explanation:
Common sense makes it very clear: Work time is for work and corporate email is another tool of the organization (public or private) at the service of the objectives of that organization. But the telematic means are very peculiar and the reality shows that there is often confusion in this regard, and the worker uses corporate mail as a tool of particular use.
