Answer: D. Whether the gift was reasonable in the circumstances
Explanation:
One of the code of American Institute of Certified Public Accountants is that members should maintain their integrity and be objective in carrying out their duties.
In the situation above, the major consideration should be whether or not the gift is appropriate and reasonable in the circumstances.
borrows money by issuing bonds
bonds are sometimes backed by things like tolls and feed for things like bridges & tunnels
raises taxes
raises fees for things tariffs and passports etc
The factor of increase in the money supply that occurs with each dollar of increase in reserves is called money multiplier.
<h3>What is money multiplier?</h3>
Money multiplier determines how much money would increase when there is a change in the reserves. The money multiplier is a function of the reserve requirement. The reserve requirement is the percentage of deposits that must be kept as reserves with the Central Bank.
Money multiplier = 1 / reserve requirement
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The unit that is used in the denominator is the one to cancels the unit that appears in a numerator.
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Answer:
(b) submit the $247,000, but disclose that the buyer may pay more.
Explanation:
A transaction broker is defined as a broker who provides limited representation to a buyer, a seller or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a single agent.