Suppose that, during a recession, the government borrows money to provide free wireless internet access in urban areas. which of the following statements are correct? choose one or more: a. this policy will likely be accompanied by an impact lag as the policy takes time to make its way to the people. b. the provision of free internet service is an example of an automatic stabilizer. c. the free wireless internet access in urban areas will likely raise interest rates as the government borrows more money to finance the purchase. d. the government is engaging in contractionary fiscal policy. e. crowding-out will occur as individuals choose to rely on free internet service instead of purchasing their own.
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Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?
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Suppose that, during a recession, the government borrows money to provide free wireless internet acc...
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