Answer:
Option C is correct.
Explanation:
The McFadden Act which was passed by Congress in 1927 refers to a Federal legislation which ensured that authority was given to individual states to govern the bank branches that were located within the state.
The legislation also included national bank branches that were located within state lines.
This act was passed with the intention of allowing the national banks to compete with state banks by allowing them to open bank branches within state limitations.
Answer:
I. Lack of a proper pension system
II. Corruption
III. Lack of interest.
Explanation:
I. Lack of a proper pension system: Some countries especially in the developing countries have no proper pension system which makes them not to put good attention to pension accounting
II. Corruption: This is one of the main reasons why pension accounting is given less accounting in many countries of the world, as some leaders usually wants to create room to loot the funds of the pensioners.
III. Lack of adequate interest: Some countries of the world give less focus and emphasis on the plights of pensioners which makes them not to put good effort to their issues or pension accounting.
Answer:
a. $2400 debit balance.
Explanation:
Cash is an asset (a resources owned/controlled by an entity as a result of a past event, for which future benefits will be enjoyed by the company). As such, like other assets, cash normally has a debit balance.
The debits to cash represents the inflow of cash while the credit entries represents the outflows from the cash account.
Account balance = $5600 - $3200
= $2400
The debits are more than the credit hence net balance is a debit.
Answer:
Team members demonstrates a constant focus on improvement
Explanation:
To increase the personal values of team members on high performing teams, team members must demonstrate a constant focus on improvement, the more there is room for improvement, the more personal values are enhances because each members of the team is allow to pass to the growth process and become the best version of themselves.
