Answer: B. Revises comparative financial statements.
Explanation:
When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.
Answer:
The type of savings you should make is a fixed term deposit
Explanation:
When we have unused capital and want to make it grow, it is a good alternative to earn money because, when we leave our money in a bank for a certain time, we will receive it together with an additional sum due to profitability, Our reward for leaving the money to the bank and not using it.
Answer:
M1 $2,530 billion
M2 $10,644 billion
Explanation:
- M1 = Currency held + Travelers check + Checkable deposits
= $(1,124 + 4 + 1,402) billion = $2,530 billion
- M2 = M1 + Savings deposits + Time deposits + Money market funds
= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion
I am pretty sure that the answer is the money market account