-According to the Table Above, the Value of M1 Is

question 344

Multiple Choice

-According to the table above, the value of M1 is ________ and the value of M2 is ________.

• A) $900 billion; $3,650 billion
• B) $910 billion; $3,460 billion
• C) $900 billion; $3,450 billion
• D) $910 billion; $3,660 billion

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Definitions:

Dividends Declared

The action by a company's board of directors to distribute a specified amount of the company’s earnings to its shareholders.

Income Summary

An account to which the revenue and expense accounts are transferred at the end of a period to summarize the results of operations.

Year

A period of time consisting of 365 days (366 in a leap year), used as a basic unit of time for most calendar systems to measure durations and segment accounting periods.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used for preparing financial statements.