Answer:
Cash $60,000 (debit)
Investment Income $60,000 (credit)
Explanation:
It is Important to note that the Acquirer (Horicon Corp) is a Corporate.
The Acquisition of 25% of the common stock of Sheboygan Corp constitute an Asset for Horicon Corp since Economic Benefits are expected to be received from the Investment.
The Receipt of Dividends from these shares will constitute Investment Income and the entry is as follows :
Cash $60,000 (debit)
Investment Income $60,000 (credit)
the answer is d. discretionary changes in government spending and taxes
I'm going to use A B C going down from "prevents detects(A).... to protects consumers(D)"
A-Dodd Frank Act
B-Patriot act
C-identity theft and assumptions
D-Credit card act
The fed currently focuses monetary policy on the ; Federal funds rate
Bad because than it gives no competition off other businesses which essentially is not good because than the monopoly will dominate and become way too powerful and totally crush the economy.
