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FED Analysis

Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: Balance Sheet for Ecoville International Bank ASSETS LIABILITIES Cash […]

Using the Excel file, you are to prepare the income statement

UnadjustedAdjusted Cash44,77044,770.00 Investments450,000450,000.00 Fair Value Adjustment13,000.00 Accounts Receivable400,000400,000.00 Allowance for Doubtful Accounts20,000380,000(20,000.00) Prepaid Rent10,000- Inventory500,000580,000.00 Investment in Timberside Corporation700,000848,000.00 Investment in Mickey Mouse Bonds290,029300,000.00 Discount on Investment in MM Bonds(6,938.00) […]