The FASB recommends that assets and liabilities with differing liquidities be arranged as separate items in the balance sheet.
Answer the following statement true (T) or false (F)
True
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The directors of a Federal Reserve Bank include
A. three class A directors, who are bankers and are chosen by member banks; three class B directors, who are business leaders and are also chosen by member banks; and three class C directors, who are public-interest directors and are chosen by the Board of Governors. B. three class A directors, who are bankers and are chosen by member banks; three class B directors, who are politicians and are also chosen by member banks; and three class C directors, who are public-interest directors and are chosen by the Board of Governors. C. three class A directors, who are bankers and are chosen by public voting; three class B directors, who are politicians and are also chosen by member banks; and three class C directors, who are public-interest directors and are chosen by the Board of Governors. D. three class A directors, who are bankers and are chosen by member banks and three class B directors, who are business leaders and are also chosen by public voting.
The following information is available for Ashley Company for the month ending June 30, 2019.
* Balance as per the bank statement is $11,240. * Balance as per books is $10,200. * Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement. * A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated. * A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashley Company on June 13. * A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20. * The bank statement indicated service charges of $20.
A wrongdoer may be judgment proof as a result of being found innocent in a criminal case
Indicate whether the statement is true or false
All Article 9 fixture perfections require the financing statement to be filed in the real property records
Indicate whether the statement is true or false