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Readme [11.4K]
3 years ago
12

A purchase of supplies on account is recorded in the a.revenue journal b.general journal c.cash payments journal d.purchases jou

rnal
Business
1 answer:
Margaret [11]3 years ago
8 0

Answer: b

Explanation:

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Identify the codification topic number that provides guidance on fair value measurements
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The right answer will be "FASB ASC 820".

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3 years ago
A customer has just received a $100,000 inheritance and wants to know what to do with the money until he decides how to use it.
Umnica [9.8K]

Answer:

The answer is A. Treasury Bills

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Treasury bills (T bills) are short-term security(debt security) backed by the national government. The maturity period is always less than a year or a year at maximum.

Since the customer's horizon is 3 months, he should walk up to his bank and buy treasury bills. It is always risk free.

Tbills is usually sold at discount to par value i.e the purchase price is less than the face value(value at maturity) of the bill.

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3 years ago
g If the economy experiences economic contraction, the government can combat this with an Group of answer choices increase in go
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increase in government purchases

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If there is a contraction in the economy, the government should conduct expansionary policies to increase money supply.

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

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3 years ago
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