Answer:
A) deposits
Explanation:
In the case of the commercial banking system, the liabilities is deposits as the deposit is the amount of the depositors
So as per the given situation, the option A is correct as the deposits represents the commercial banking liabilities
hence, all the other options are incorrect
Therefore, the same is to be considered
Answer:
a.political corruption
Explanation:
This a nepotism form of political corruption. It is naming a close relative over the common people. It is using his power for illegitimate private gain.
This "inspection" creates no value to the economy and neither protects the windows from breaking.
Tammy is creating a fee to pay for his nephew office.
The real motivation is to extract funds from the taxpersons to her own personal benefit. This is an act of corruption.
Answer: $20,000
Explanation: A taxpayer who spends less than $800,000 on equipment can deduct the cost of
equipment purchases up to a maximum of $250,000 per tax year. The deduction is limited to the amount that will reduce taxable income to zero.
Answer:
Cash + Equipment - Accumulated depreciation = Common stock + Retained = $46,460
Explanation:
Note: See the attached excel file for the horizontal statements model.
In the attached excel file, we have:
Accumulated depreciation = (Cost of cooktop or equipment - Estimated salvage value) / Expected useful life = ($39,000 - $3,200) / 5 = $2,440
From the attached excel file, the accounting equation can be proved from the balances as follows:
Cash + Equipment - Accumulated depreciation = $33,500 + 15,400 - $2,440 = $46,460
Common stock + Retained = $39,000 + $7,460 = $46,460
Therefore, we have:
Cash + Equipment - Accumulated depreciation = Common stock + Retained = $46,460
