a. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.
Matching principle is where expenses are said to be reported accordingly within a certain period.
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The percentage of money that the Federal Reserve mandates that banks must keep is referred to as reserve requirement.
The reserve requirement is the portion of the deposits of banks that is kept as reserves. The purpose of reserves is to be able to meet unforeseen cash outflows and control money supply. The reserve requirement is determined by the reserve ratio.
For example, if the reserve ratio set by the Federal reserve is 10%, it means that 10% of all deposits would be kept as reserves. If a customer deposits $1000, $900 would be lent out while $100 would be kept as reserves.
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Answer:
$40,000
Explanation:
Calculation to determine What amount of capital gain income will N recognize related to this distribution
Using this formula
N Capital gain income=N stock basis- M distribution
Let plug in the formula
N Capital gain income=$100,000-$60,000
N Capital gain income=$40,000
Therefore The amount of capital gain income that N will recognize related to this distribution is $40,000
Answer:
En mi opinión personal sería cara a cara. Por qué así se puede expresar lo que uno quiere decir y en los otros no.
Explanation:
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