Lecture_VI_Sol

Lecture_VI_Sol - All computations are in millions of...

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Solutions – Lecture VI P1-38 (10 min.) 1. Cash would rise by $1,000 and the liability, Deposits, would rise by the same amount. 2. Deposits are liabilities because Citigroup owes these amounts to depositors. They are depositors' claims on the assets of the bank. 3. Loans receivable would increase and Cash would decrease by $45,000. 4. Deposits would decrease and Cash would decrease by $4,000. P 2-53 (10-15 min.) This is straightforward.
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Unformatted text preview: All computations are in millions of dollars: A = 4,051 (339 + 975) = 2,737 B = 5,975 5,885 = 90 C = 975 + 90 51 = 1,014 D = 4,096 1,014 358 = 2,724 E12-41 (5 min.) $840.1 million. Neither the discontinued operation nor the cumulative effect of the change in accounting method would have an effect on 2004 net income. Only the $840.1 million would continue in 2004....
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This note was uploaded on 05/24/2008 for the course ACC 203 taught by Professor Choi during the Spring '08 term at NYU.

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Lecture_VI_Sol - All computations are in millions of...

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