Expansionary And Contractionary Fiscal Policy | Macroeconomics

18. The unexpired insurance at the end of the fiscal period represents. a. an accrued asset. If $4,000 of the $36,000 is unearned at the end of the accounting period, the amount of adjusting entry is.The adjusting entry at the end of the period to record an expired cost may be different depending on whether the cost was initially recorded as an asset or an The full amount was credited to the liability account Unearned Legal Fees. If the legal services have been rendered at the end of the accounting...Prepare adjusting journal entries for the year ended December 31, 2011 for each of the independent situation in (a) to (f). Assume that prepaid expenses are initially The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON COMPANY Unadjusted Trial Balance...Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $14,000 and unexpired insurance of $3,000, for the fiscal year ending on April 30? a.Expansionary fiscal policy is defined as an increase in government expenditures and/or a decrease in taxes that causes the government's budget deficit to increase or its budget surplus to decrease. Hence, contractionary fiscal policy leads to a crowding‐in effect on the part of the private sector.

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Fiscal policy is the term for how the government uses taxes and spending to influence economic movement. It complements central bank monetary policy. Each type of fiscal policy is used during different phases of the economic cycle to stop or slow recessions and booms.Since there is unexpired insurance at the end that reflects the deferred expense. Which of the following does an appropriately cautious reading of a receipt entail. Does anyone have access to the smoothie shop virtual business details from vb course knowledge matters To like form your business If...51.The unexpired insurance at the end of the fiscal period represents a.an accrued asset b.an accrued liability c.an accrued expense d.a deferred expense 52.Accrued revenues would appear on the balance sheet as a.assets b.liabilities...At UCI, the fiscal year begins on July 1 and ends on June 30. Because the fiscal year straddles two different calendar years, the calendar year and fiscal There are a total of 15 fiscal periods to which General Ledger entries can be posted. Twelve of these periods simply represent the 12 months of...

unexpired insurance at the end of the fiscal period represents; an...

Answer: A stock represents a share of ownership of a corporation, or a claim on a firm's earnings/assets. Stocks are part of wealth, and changes in their value affect people's willingness to spend. Changes in stock prices affect a firm's ability to raise funds, and thus their investment.A 12-month insurance policy represents insurance coverage that is used up over a 12-month period. (4) Since 2 months of the 12-month life of the policy have expired, the $2,400 of unexpired insurance applies to the remaining 10 months.Since the temporary accounts are closed at the end of each fiscal year, they will begin the new fiscal year with zero balances. The accounts that do not get closed (their balances are carried forward to the next accounting year) are referred to as permanent accounts.Adjusting Entries for Prepaid Insurance The balance in the prepaid insurance account, before adjustment at the end of the year, is $20,150. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: a. The amount of unexpired...Unexpired or prepaid expenses are the expenses for which payments have been made but full benefits or services have not been received during that period. Just as it is possible that at the end of the year there may be some expenses whose benefit has been received but they have not been paid for...

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Nov 11, 2019