List your income and your assets and find the total. Iam not really sure that's the answer, but it sounds right.
Answer:
c. A debit to Salaries Payable and a credit to Cash.
Explanation:
As on December 31, entry to record the expense of Salaries which is accrued and not paid is
Salary A/c Dr.
To Salaries Payable
Now on the closing date, of previous year there is a liability outstanding of Salary Payable.
In the next year on 5th January the salary outstanding in opening balance sheet is paid.
For this, the payment will be made and accordingly, cash will be reduced.
Accordingly liability will be reduced for this, liability will be debited.
Therefore, correct option is
c. A debit to Salaries Payable and a credit to Cash.
Answer:
The correct answer is $0
Explanation:
Solution
An Impairment loss recognized when a book value of reporting company is more than its fair value, In the given example, the book value is not more than its fair value or higher than the value, hence the amount of the impairment loss that Antle Inc would record for goodwill at the end of 2021 is: Impairment loss is $0
Answer:
Total Deposits = $4937.5 billion
Explanation:
given data
currently in reserves = $400 billion
reserve requirement = 8 percent
reserves amount = $5 billion
solution
first we get here Minimum Required Reserves that is express as
Minimum Required Reserves = Current Reserves - Excess Reserves .........................1
put here value we get
Minimum Required Reserves = $400 billion - $5 billion
Minimum Required Reserves = $395 billion
and
Total Deposits is express as
Total Deposits = 
......................2
Total Deposits = 
Total Deposits = $4937.5 billion
