Which of the following describe a common cause of bank panics? Check all that apply. Rumors that a bank is in financial trouble spread easily. A run on a given bank is often contagious and spreads to other financial institutions. Potential buyers of the assets of a bank, incorrectly rumored to be distressed, may suspect the assets to be of poor quality. Which of the following are reasons why bank panics were largely eliminated after 1933? Check all that apply. Banks are required to hold a significant percentage of their assets as bank capital. The Federal Deposit Insurance Corporation (FDIC) reimburses those who lose their deposits when a bank cannot honor its obligations.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000