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Fed [463]
3 years ago
8

Which two were weaknesses of the Articles of Confederation?

Business
1 answer:
Minchanka [31]3 years ago
5 0

Answer:

A. The federal government could not levy taxes.

C. The federal government could not raise an army.

Explanation:

The Articles of Confederation established a confederacy in which the states were given full sovereignty and the central government was given very few powers. Some of the weaknesses of this constitution was that the government could not levy taxes and therefore was unable not pay their expenses and debts owed from the Revolution or to secure new funds, instead it could only raise money by borrowing from foreign governments, selling western lands or asking the states for funds (which had the option to reject the request). Likewise, even though the government had the power to declare war, it wasn't authorized to draft soldiers from the states and therefore, it was also unable to raise an army.

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Yes,they are correct.

Explanation:

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By what amount would net income differ if bad debt expense was computed using the percentage-of-receivables approach? Assume tha
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By following the Accountants Principle and Dicksons policy of debiting Bad debt accounts as Accounts are written off, the Net income would have been impacted negatively (reduced) by the write off from Prior period of $31,330 only

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Which person makes original journal entries in the general ledger and reporting system about events such as dividend payments an
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Treasurer-person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors

<h3>What does us Treasurer do?</h3>

The Treasurer of the United States has direct oversight over the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox and is a key liaison with the Federal Reserve. In addition, the Treasurer serves as a senior advisor to the Secretary in the areas of neighborhood development and public engagement.

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1 year ago
Warrants exercisable at $20 each to obtain 30,000 shares of common stock were outstanding during a period when the average marke
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Answer:

The increase in weighted average number of common shares is by 6,000 shares

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Application of treasury method is used for exercising the warrants.

Outstanding Common shares = Number of shares / Market price * Exercisable price

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After the warrants have been exercise, the increase in weighted average number of common shares is as follows:

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