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Question - Begal Corporation paid $20,000 in January of 2011 for premiums on a two- year life insurance policy which names the company as the beneficiary. Additionally, Begal Corporation's financial statements for the year ended December 31, 2011, revealed the company paid $105,000 in taxes during the year and also accrued estimated litigation losses of $200,000. Assuming the lawsuit was resolved in February of 2012 (at which time a $200,000 loss was recognized for tax purposes) and that Begal's tax rate is 30 percent for both 2011 and 2012, what amount should Begal report as asset for net deferred income taxes on its 2011 balance sheet?
A) $54,000
B) $57,000
C) $60,000
D) $66,000
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?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Term Structure of Interest Rates
Write a report on Internal Controls
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Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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