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Question - Prepare entries for the General Fund to record the following transactions and events related to the City of Darlington fiscal year-ending December 31, 2022 financial statements:
The lines provided are used
a. The City paid $85,000 of salaries during December 2022.
b. City workers earned an additional $20,000 for work done during the last week of December 2022 that will not be paid until January 4, 2023.
c. The City of Darlington was involved in two lawsuits during 2022. (1) The first suit was settled for $24,000 on December 24, 2022 but will not be paid until January 12, 2023 (2) The City is in the process of negotiating a settlement for the second lawsuit. The attorneys believe that an agreement will likely be reached in late 2023 or early 2024 with payment of around $45,000 likely to be made late in 2024.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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CAPM and Venture Capital
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