The correct answers are A) helped to reduce loans to private banks and C) created a new type of paper currency.
The Federal Reserve Act helped to reduce loans to private banks and created a new type of paper currency.
With the passing of the Federal Reserve Act of December 23, 1919, signed by President Woodrow Wilson, the government initiated with the Federal Reserve system that acted as the Central Bank of the United States. It had twelve regional banks that supplied all the money for the country. Its headquarters are located in Washington D.C., and the commonly known as the Fed supervises the financial and economic situation in the country, the monetary supply, and tries to control inflation.
Answer:
2018 Jan. 1 Purchased $50,000 Lake Corporation 10% bonds for $50,000.
- Dr 10% bonds available for sale 50,000
- Cr Cash 50,000
available for sale
July 1 Received interest on Lake bonds.
- Dr Cash 2,500
- Cr Interest revenue on 10% bonds available for sale 2,500
Dec. 31 Accrued interest on Lake bonds.
- Dr Interest receivable 10% bonds available for sale 2,500
- Cr Interest revenue 10% bonds available for sale 2,500
Dec. 31 Market value of the bonds $55,000, prepare the adjusting entry to record bonds at market value. 2019
- Dr 10% bonds available for sale 5,000
- Cr Unrealized gain - other comprehensive income 5,000
Jan. 1 Received interest on Lake bonds.
- Dr Cash 2,500
- Cr Interest receivable on 10% bonds available for sale 2,500
Jan. 1 Sold $25,000 Lake bonds for $26,650.
- Dr Cash 26,650
- Dr Unrealized gain - other comprehensive income 2,500
- Cr 10% bonds available for sale 27,500
- Cr Realized gain on 10% bonds available for sale 1,650
July 1 Received interest on Lake bonds.
- Dr Cash 1,250
- Cr Interest receivable on 10% bonds available for sale 1,250
Mark and John were jewish but luke was greek
The extent to which firms are meeting objectives suggests they are likely to continue their present strategy with only minor fine-tuning.
<h3>What are organizational objectives?</h3>
Organizational objectives refers to the short-term and medium-term goals in which organizations intend to achieve
Hence, the extent to which firms are meeting objectives suggests they are likely to continue their present strategy with only minor fine-tuning.
Learn more about organizational objectives here: brainly.com/question/2636977
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