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Oliga [24]
3 years ago
11

What is true about credit unions?

Business
1 answer:
DochEvi [55]3 years ago
8 0
What is true about credit unions is that <span>they are generally member-owned.
</span>Even in the definition of a credit union it says that:
<em>A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members - </em>taken from Wikipedia.

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Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Reco
kramer

Answer:

a. Account receivable and sales are understated.

Adjusting entry :

Accounts Receivable (Dr.) $21,000

Sales Revenue (Cr.) $21,000

b. Interest receivable is understated.

Adjusting Entry :

Interest Receivable (Dr.) $470

Interest Earned (Cr.) $470

c. Account receivable and sales are understated.

Adjusting entry :

Accounts Receivable (Dr.) $1,460

Sales Revenue (Cr.) $1,460

Explanation:

Adjusting entries will be created for the transactions that are not properly recorded or either completely not recorded. In the given case the customer is not billed for the services rendered. This has an impact on the asset account of the company because account receivable are understated.

5 0
3 years ago
The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares
lidiya [134]

Answer:

$12,000 and $6,000

Explanation:

For computing the dividend, first we have to find out the yearly dividend which is shown below:

= Number of shares × par value per share × dividend rate  × number of years

= 1,000 shares × $100 × 6%  × 2 years

= $12,000

Out of $18,000, the $12,000 will be paid to preferred stockholders and the remaining $6,000 will be paid to common stockholders

5 0
4 years ago
Eojfwhiqpiw'nd3ojq'3e
mel-nik [20]

Answer:

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Explanation:

8 0
3 years ago
What happens to the peasant who cannot pay his tax in grain?
nataly862011 [7]

The King or Queen that's ruling during the time will choose what they want to do.

A. Kill Him

B. Ban Him

C. Humiliate Him

D. Put Him In Prison

7 0
3 years ago
When a municipal bond has a net revenue pledge, what is the first item that gets paid from the revenue received
Mumz [18]

Answer: Operations and maintenance

Explanation:

A municipal bond, is simply a bond that is issued by a either a territory, its agency or the local government, to help finance public projects like infrastructure, airports, roads, schools, and seaports.

Therefore, when a municipal bond has a net revenue pledge, the first item that gets paid from the revenue received will be for Operations and maintenance.

3 0
3 years ago
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