No more than 36 will be required for graduation. Those who majors require more than 16 credits may take correspondingly fewer than 20 outside the major.
Answer: $20,000
Explanation:
The reserve requirement is a central bank regulation which sets minimum amount of reserves which must be held by a commercial bank.
When reserve requirement = 20%
= 20/100
= 0.20
Total increase in the checkable deposit will be = $4,000 / 0.20= $20,000
Answer:
All the 4 statements are correct.
Explanation:
The International Accounting Standard on Currency changes says that the all the assets and liabilities of the subsidiary must be reported at market value of the asset both at the end of the year and at the time of sale of asset & payment of liability. So this means that the statement a and d are correct statements because the translation gain or loss is reported by using the spot rate which is the market value of the asset in the parent company's currency. Similarly, the statement b and c are correct because at the time of sale of subsidiary assets we are actually recognizing the remeasurement gain or loss by using the spot rate, which is the market value of the asset in the parent company's currency.
Answer:
$2,700
Explanation:
The $2,700 would be deducted in the current year as it reflects the share of the income from different limited partnerships.
The invested amount, risk amount, limited partnership loss, dividend income is not be considered for the computation part is we have to find out that amount which is deducted. These items are irrelevant. Hence ignored it
.
Larry should be deducted up to its sharing income. So, we consider only $2,700
