Answer:
nothing to be carried forward to next year $7,000 deductible this year;
Explanation:
Investment income is a return on the investment. Interest Expense is the amount of interest paid on the investment amount taken as a loan. The maximum amount to be adjusted as an expense against investment income is the amount of Investment income. Expenses no more than investment income will be adjusted. Nothing to be carried forward to next year.
First let us identify if the asset is a gain
or loss. An asset is a gain if it contributes to the banks overall finance while
it is a loss if it is a cost directly or indirectly.
Deposits of $300 million = Gain (+)
Reserves of $20 million = Gain (+)
<span>Purchased government bonds worth $300 million
= Loss (-) ---> This entails
cost</span>
Selling bank’s loans at current market value
of $600 million = Gain (+)
Therefore adding up everything to get the banks net worth:
Stealth banks net worth = $300 M + $20 M - $300 M + $600 M
<span>Stealth banks net
worth = $620 million</span>
Answer:
The answer is (B) transfer dollars, and therefore purchasing power, into the future.
Explanation:
A store of value is best described as a function contained in an asset that allows it to be saved, retrieved, and traded in the future. Money provides this function, alongside other forms of assets such as bonds, gemstones, and precious metals. Other functions of money, include as a medium of exchange and a unit of account.
Answer:
Hundred Days
Explanation:
The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet the economic crisis of the Depression was called <u>the hundred Days</u>. As we know that the First New Deal began in a whirlwind of legislative action called “The First Hundred Days.” From March through June 1933, at Roosevelt’s behest, Congress passed legislation aimed at addressing the banking crisis, unemployment, and weak industrial performance, among other problems, through an “alphabet soup” of new laws and agencies.
