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Question - Austin Fisher contributed land, inventory, and $28,000 cash to a An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.partnership. The land had a book value of $60,000 and a market value of $110,000. The inventory had a book value of $73,000 and a market value of $67,200. The partnership also assumed a $43,000 note payable owed by Fisher that was used originally to purchase the land.
Required - Provide the journal entry for Fisher's contribution to the partnership. If an amount box does not require an entry, leave it blank.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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