The purchase of government securities by someone other than the Fed results in
a. an overall increase in funds among commercial banks.
b. an overall decrease in funds among commercial banks.
c. offsetting changes in funds at commercial banks
d. an increase in securities maintained by the Fed.
c
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Alexander City Consultants started business on January 1, 2016, and immediately purchased $1,000 of supplies to use in the business. At the end of the month, 25 percent of the supplies remains unpaid and 20% are still on hand. What amounts should appear on the financial statements for January, 2016? Income Statement Statement of Cash Flows
a. ($ 1,000) ($ 1,000) b. ($ 1,000) ($ 750) c. ($ 800) ($ 25) d. ($ 800) ($ 750)
Long-term ______________________________ represents the longer-term ability of the firm to generate cash internally or from external sources to satisfy plant capacity and debt repayment needs
Fill in the blank(s) with correct word
Which of the following assets generally is required to be tested at least annually for impairment?
a. Machinery b. Patent c. Renewable broadcast license d. Copyright
Which of the following statements is true of a conditional estate?
A) It is the present right to own and possess the land in the future. B) When a person's interest terminates, the interest must be transferred to the former owner. C) It can be set up so that failure to meet a condition terminates the estate. D) It is the right to own and possess land until one dies, subject to the condition that the property cannot be used in such a way as to destroy its value.