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Question - The Federal Deposit Insurance Corporation was created in 1933 to protect the deposits of individuals in banks. It now guarantees deposits up to $250,000. This makes individuals feel save and prevents individuals from loss due to local bank insolvency, but it also discourages oversite of bank behavior by depositors and exacerbates banking Moral Hazard problems. If bankers take on risk and make money they keep it. If bankers lose money they get a tax payer bailout. The Basel Accords allow banks to engage in 90% leverage making insolvency in a downturn likely. Is FDIC insurance good or bad for America?
Since this is the first year of operations, there is no beginning deferred tax asset or liability. Compute the net deferred tax expense (benefit)
conan companys monthly activity level ranged from a low of 17000 units in may to a high of 26000 units in october.
Staple Ltd was incorporated on the 1st July 20X2. Prepare the general journal entries in the records of Staple Ltd to record all the events
Create three new products, one for each of the three holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates.
a company expects its september sales to be 15 higher than its august sales of 140000. purchases were 75000 in august
FOR WSSI: The highlighted cells are the ones that should be completed. Opening stock, forward requirement and OTB should only be calculated for the first 3 months as indicated by the highlights
Guo Company has owners' equity of $396,200 and net income of $65,196. How much did Guo pay in cash dividends, and what were its average assets
Depeche Co. paid $2,400,000 to acquire all of the common stock of Mode Corp. on January 1, 2017. What is the amount of consolidated net income for the year
Aunt Peggy's Donuts has net income of $470. The company sold $92 worth of common stock. What is the cash flow to stockholders
For complex, high-tech contracts, how does a company determine the percentage of completion and the amount of revenue to accrue?
Determine the adjusted cash balance per bank
What is the amount that the shareholder may deduct on his personal income tax return, assuming the at-risk and passive activity rules do not apply?
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