Answer:
Change in Reserves: <u>–$30 </u>
Change in Deposits: <u>–$300 </u>
Change in Loans: <u>–$270 </u>
Explanation:
The calculation of each element of the balance sheet is as follows:
Change in Reserves = Amount withdrawn by Ava * Reserve requirement faced by Second Bank = $300 * 10% = $30. This is a reduction and will be negative in the Second Bank's Balance Sheet.
Change in Deposits = Amount withdrawn by Ava = $300. This is a reduction and will be negative in the Second Bank's Balance Sheet.
Change in loan = Amount withdrawn by Ava - Change in Reserves = $300 - $30 = $270. This is a reduction and will be negative in the Second Bank's Balance Sheet.
Answer: c) closing entries
Explanation:
An Accounting worksheet is simply used to be able to draft accounting information and make reports from them. As such you will find them with adjusting entries, unadjusted trial balance and the drawing account.
Closing entries are used to close out the books at then end of an accounting period and so will not appear on an accounting worksheet.
Answer and Explanation:
The Journal entry is shown below:-
1. Income Tax Expense Dr, $336 million
Deferred Tax Assets Dr, $29 million
($116 million × 25%)
To Income Tax Payable $365 million
($1,460 × 25%)
(Being income tax and deferred tax is recorded)
2. Income Tax Expense Dr, $400 million
To Income Tax Payable $340 million
($1,360 × 25%)
To Deferred Tax Assets $60 million
(($354.0 million - $116 million) × 25%)
(Being income tax and deferred tax is recorded)
The correct answer is - health.
The statues against health hazards are required to be made by the legislatures in order to control the factors of pollution that led to a major impact on the health of the general population.
Pollution and Legislation
- Sometimes industrial bodies harm the surrounding environment by dumping harmful gases or chemicals in the air or any water body which ultimately leads to impact on the health of the people.
- In such cases, legislations are made in order to restrict the companies and made them responsible for their surroundings and the people.
- Various laws are made by the legislatures in all the countries with respect to the pollution to protect the health of the population as it's their basic right to live in a healthy environment.
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