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Define the term contractual savings depository institutions.
Contractual savings institutions:
Contractual savings institutions obtain funds at periodic intervals onto a contractual origin. The industry is categorized in two main groups as: insurance companies and pension funds. There liquidity of their assets is less significant than for depository institutions since they can predict along with reasonable accuracy the future payments because of their customers. Like a consequence they invest their funds within long-term securities (as like corporate bonds, mortgages and stocks).
Require the relevant authoritative literature on the lower- of- cost- or- market rule for valuing inventory using the FASB's Codification Research System. Clarify the circumstance
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The average of the industry current ratio was 1.86 for 2004, 0.86 for 2005, and 0.87 for 2006. Lenovo had higher current ratio than the industry average in 2004. At that time, thei
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