Your current balance<span> is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your </span>available balance<span> is your </span>current balance<span> minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account</span>
If this is a multiple choice question and if i get it wrong, im sorry.
I'd guess benifit? lol
Answer:
40 dolllar for interest income
Explanation:
The taxable income will be the interest for the annual coupon payment:
$1,000 face value x 4% = $40
The purchase price will be considered for taxation purpose under capital gain if the bond is sold which is not the case. Thus, we must only determinate taxes considering the interest income from the coupon payment.
Answer:
Assets will be overstated and Net Income understated
Explanation:
The effect on the balance sheet and income statement
<u>Balance Sheet :</u>
Inventory will be overstated
Inventory belongs to the Current Asset group
Meaning Assets will be overstated
<u>Income Statement :</u>
Inventory will be overstated
This reduces cost of sales with an amount greater
Meaning Profits will be overstated
Conclusion
The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.
The answer to this question is c <span>The banks must have weighed the cost of installing bandit barriers against the benefits and
decided that they have “no interest in ever putting in the barriers.”
Hope this helps!!
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