The Central Bank is the "banker" to banks, government, and financial institution, where the Commercial Bank is the "banker" to the citizens. The Central Bank is the monetary authority of the country. The Central Bank does not deal with the general public, but Commercial Bank does
Answer:
The answer is Deferred tax asset and Deferred tax liability.
Explanation:
Unearned revenue creates deferred tax asset. In here, taxes have been paid because income has been received but have not been recognized on the income statement because according to the revenue recognition, the services for the revenue has not been rendered.
Prepaid expenses give rise to deferred tax liability. In here, taxes have been recognized on income statement but the actual tax has not been paid. Income tax expense on income statement is greater than taxes payable
The answer is c 28 years old
Answer:
the real return is 2.99%
Explanation:
The computation of the real return on long term government bond is shown below:
As we know that
Real rate of return is = [(1 + nominal rate) ÷ (1+inflation rate)] - 1
= [(1 + 0.069) ÷ (1 + 0.038)] - 1
= 2.99%
hence, the real return is 2.99%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
