I THINK IT IS c . i HOPE IT HELPS
Answer:
A need is something thought to be a necessity or essential items required for life. Examples include food, water, and shelter. A want is something unnecessary but desired or items which increase the quality of living. Examples include a car stereo, CD's, car, and designer clothes.
Explanation:
Answer: the public held more currency, and the banks held more excess reserves
Explanation:
The Great Depression, was an economic downturn which brought about the reduction in output, mass unemployment, reduction in investment, banking panics etc.
Some of the factors that led to the Great Depression were the crash in stock market, banking panics which led to reduction in loanable funds. The money supply reduced because the public held more currency, and the banks held more excess reserves.
Answer:
Dr Bad Debts $4,970
Cr Accounts Receivables $4,970
Explanation:
The bad debts are confirmed and once it is confirmed it is written off by decreasing the accounts receivables by the amount as the amount is not now receivable and increase the bad debt expense because this is cost to the company. The bad debts confirmed are accounted for as under:
Dr Bad Debts $4,970
Cr Accounts Receivables $4,970
Answer:
Given that,
Current E&P = (-$200,000)
Accumulated E&P at the beginning of the year = $300,000
Distributed to his sole shareholders = $200,000
shareholder's tax basis = $50,000
As the ending accumulated E&P = $300,000 - $200,000
= $100,000
So, $100,000 would be treated as Dividend.
$50,000 would be treated as Tax free return of basis and the Balance $50,000 would be the capital gain for shareholder of Husker.
