Answer:
The statement is: True.
Explanation:
The single recovery is a principle in favor of the plaintiff and the defendant. The plaintiff can claim the recovery of any damage suffered in a lump sum if the final decision turns against the defendant. From the side of the defendant, the verdict can be reduced in case other parties involved in the case partly rewarded the plaintiff for the harm caused.
I would say a. none of the above because if u use any of the other options you can still be a victim of credit card fraud
Answer:
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?
D. 10
Explanation:
10% of $25, 000, 000= $2,500,000
Money multiplier in this economy is by 10
\Answer:
Equipment Cr. $219818.00 is the correct answer.
Explanation:
The asset costed $219818 and when an asset is disposed off, it is written off from the books and its account is closed. The cost of asset is credited in the asset account. Thus, $219818.00 will be credited.
The amount of sales proceed is unknown so we cannot determine if the asset was sold for a loss or gain. Thu option b and d cannot be the right answer.
The amount of accumulated depreciation is given till year end as $197836.20 and this amount will be debited in the correct entry. Thus option c is incorrect.
Answer:
Explanation:
What is given:
Face value = 400,000
Semiannual Coupon rate = 9%*6/12 = 4.5%
n= 5*2 = 10 periods
Current price = 393,000
Calculations:
Interest payment = 400,000 * 4.5% = 18,000
So the answer is D