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3 years ago

What is the purpose of NCUA Lending Regulations? plato ❤️

Business

2 answers:

wariber [46]3 years ago

5 0

Answer:

The National Credit Union Association is a entity that monitors and regulate the Credit Unions which are organizations that are part of a cooperative and give credit to its members.

It was created in 1934 by the president Franklin Delano Roosevelt.

Sever21 [200]3 years ago

3 0

The purpose of NCUA Lending Regulations:

The National Credit Union Association administered by the United States Federal Government is the apex body formed for the three main purposes pertaining to the credit unions. The three specified purposes being,

Regulate the credit unions in balance with the other parameters of the economy

Monitor the credit unions so as to ensure that, they do not fail and affect the economy

Check if the credit unions follow the federal regulations.

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2 years ago

On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 77,000 shares authori

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Answer:

See the explanation below:

Explanation:

1. Prepare journal entries to record the following transactions for Sherman Systems

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Details Dr ($) Cr ($) 

Treasury Stock (5,500 × 30) 165,000

Cash 165,000

To record the repurchase of own common stock

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Details Dr ($) Cr ($)

Cash (1,125 × 36) 40,500

Treasury Stock (1,125 × 30) 33,750

Paid-in Capital from Sale of Treasury Stock 6,750

To record the sale of treasury stock.

c. Sold all remaining treasury shares on November 25 for $25 cash per share.

Details Dr ($) Cr ($) 

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To record the sale of the remaining treasury shares

Kindly note that there is a balance of $6,750 in the Treasury Stock Paid-in Capital account. Since it is utilized, the remaining deficit will show in Retained Earnings.

2. Prepare the stockholders' equity section after the October 11 treasury stock purchase.

Details $

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3 years ago

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daser333 [38]

Total Cost of Insurance Coverage

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2 years ago

Read 2 more answers

Which of the following best describes the purpose of making an investment

LUCKY_DIMON [66]

Answer:

b.) to use money to make more money

Explanation:

The correct reason for making investments would be to use money to make more more money.

A financial investment represents the act of allocating money to a process or an item in order to reap profit or generate income in the short term, the long term, or both.

An investment can be in the form of purchased goods or services that can later be sold at a higher amount. It can also be an item or service that will be yielding immediate income while preserving all or parts of its original value.

The money made on an investment is referred to as gains o returns.

The correct option is b.

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2 years ago