Which of the following statements is not correct? (1) Bank charges are not zero-rated item. (2) Input VAT is claimable on bank charges. (3) Bank charges are not exempt supply. (4) Input VAT is not claimable on bank charges. (5) Finance costs are exempt supply.

With credit tranching, the subordinated tranches may absorb credit losses as they occur.   Select one: True False

Which type of information asymmetry explains why bad credit risks are more likely to seek bank loans?   A. Moral hazard   B. Adverse selection   C. Principal-agent problem

The term depreciation refers to how the value of an asset (such as a car) decreases over time. There are several different approaches for calculating depreciation. Part A: In the straight-line method of calculating depreciation, the value of the item is reduced by the same amount each year. Suppose a company purchases a car for $24000. Using straight-line depreciation, the value of the car may be reduced by $2500 each year. Determine a formula for S(t), the value of the car t years after purchase. Answer: Part B: After five years, the value of the car, using the straight-line method, will be $ Part C: After twelve years, the value of the car, using the straight-line method, will be Part D: In the declining balance method of depreciation, the value of the item is reduced by the same percentage each year. Suppose the $24000 car is depreciated at a rate of 14% each year. Determine a formula for D(t), the value of the car t years after purchase. Answer: Part E: After five years, the value…

Fractional reserve banking refers to a banking system in which bank loans are less than bank reserves. bank deposits are less than bank reserves. bank reserves are less than total deposits. bank reserves are only a fraction of required reserves.

May you please help me determine which of the following statements are false?

The Allowance for Doubtful Accounts account is a contra-account that offsets: Multiple Choice Bad Debt Expense. Cash. Net Income. Accounts Receivable.

Cash realizable value is calculated as Accounts Receivable plus Allowance for Doubtful Accounts True False

Receivables are valued and reported in the statement of financial position at their gross amount less any sales returns and allowances and less any cash discounts. True or False