Hi, there is no question attached to the statement above. Anyway, it looks like you are looking for the IRS code with description. If so, the IRS code for the statement is 1541. Hope this helps you and thank you for the question.
When the Federal Reserve sells treasury bonds to a bank, the money supply is decreased. Since there are smaller available funds for the bank to loan (they have tied up some cash by buying the bonds), the interest rate the bank charges (all other things EQUAL!) will increase.
Basically, what has happened is that the bank has lent money to the federal government, rather than to other lenders. So if it has no other sources of lendable funds AND borrowers don't have other banks to go to that are charging the current rate, the same number of borrowers competing for a smaller amount of borrowable funds will lead to a higher price, (interest rate) for those loans.
Answer:
True
Explanation:
A LLC is a company that has its own identity and is taxed separated from all owners and investors.
Answer:
c. an estimate of a plant asset's value at the end of its useful life
Explanation:
The salvage value or the residual value is the estimated value of the fixed asset which can be received at the end of its useful life. So, neither it is a fair market value of a plant asset , nor it is deducted from the accumulated depreciation.
The treatment of the residual value under the straight-line method or any other method is shown below:
The depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ estimated life in years
The residual value should always be deducted from the original cost of fixed asset
Answer: A. Promotion
Explanation: You're promoting an employment opportunity for a job that is about promoting your business
