Answer:
The answer is C. Price would decrease, and quantity would decrease
Explanation:
When the demand for a good decreases, the equilibrium price will decrease and equilibrium quantity too will decrease.
The decrease in demand results in excess supply at the prevailing market price and excess supply will make price to drop and if this happens, the law of supply (the lower the price the lower the quantity supplied) will come to play, thereby decreasing quantity supplied.
The answer is true. The FDIC is supported by the US government and was created by it the n the stock market crashed in the 1930s.
Answer:
the answer given below;
Explanation:
$60 million *25%=$15 million will be tax expense
Income Tax Expense-Current Dr.$15 million
Income Tax Payable Cr.$15 million
For temporary difference on liability, the journal entry will be
Deferred tax expense ($4*25%) $1 million
Deferred Tax liability $1 million
Answer:
Check the following explanation.
Explanation:
Corporation has no accumulated E & P at the time of the distribution. The shareholder has a taxable dividend equal to the current E & P determined at year-end, which was $40,000. The balance of the distribution,$20,000, reduces the shareholder’s basis in the stock, and any excess over basis results in capital gain.
