Answer:
E. b and c is the correct answer.
Explanation:
Answer:
November 30
Explanation:
According to the revenue recognition principle, revenues are recognized when they are realized or realizable, and are earned no matter when cash is received.
Answer:
the country's economy is in a liquidity trap.
Explanation:
A liquidity trap exists when interest rate are close to or equal to zero.
When there is a liquidity trap, expansionary monetary supply would not work because people would prefer to hold cash due to the believe that a negative economic event is about to occur e.g. deflation
When there is a liquidity trap, individuals prefer to save their monies rather than buy bonds
Liquidity trap was first discovered by John M. Keynes
Solutions to liquidity trap
1. Policies that would make savings less attractive
2, Increased government spending
Liquidity trap occurred in Japan in the 1990s and this led to a deflation
Collecting and verifying information provided by a customer at account opening is part of the company's policies and procedures covering Anti-Money Laundering.
A customer is a recipient of goods, services, products, or ideas obtained from a seller, vendor, or supplier through financial transactions or in exchange for money or other valuable consideration.
A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.
The definition of customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.
Learn more about customer here:brainly.com/question/380037
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Answer:
Explanation:
Adjusted Gross Income of an individual is the calculation of all an individuals earnings less authorised deductions.
Jamison Mitchell's Adjusted Gross Income is calculated thus:
1. Wages $40,215
2. Bank Interest $170
3. Lottery Prize $475
4. Municipal Bond Interest $195
Total Income $41,055
Less: Contribution to IRA ($3,150)
Adjusted Gross Income $37,905
Please Note that Cash gift from either a father or Mother to their Child to the tune of $14,000 each is not classified as an income and so not taxable.