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A $5 million deposit outflow from a bank has the immediate effect of
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Why is investing in a mutual fund less risky than investing in a particular company’s stock?
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Business, 23.06.2019 14:20, arrissa1234hinkle
Why does the fed pay interest to banks? a. it is interest on money held in reserve. b. it is interest on credit available to the fed. c. it is interest on loans taken by the fed. d. it is interest on government investments.
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Business, 23.06.2019 14:30, meaddestinee
Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.
Answers: 1
A $5 million deposit outflow from a bank has the immediate effect of...
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