What is true about FDIC insured accounts?

What is true about FDIC insured accounts? An FDIC insured account is a bank account at an institution where deposits are federally protected against bank failure or theft. The FDIC is a federally backed deposit insurance agency where member banks pay regular premiums to fund claims. The maximum insurable amount is currently $250,000 per depositor, […]

What led to the American victory at Saratoga?

What led to the American victory at Saratoga? Benedict Arnold At best, Arnold and Gates strongly disliked each other and often argued. After the Battle of Freeman’s Farm, Gates relieved Arnold of his command. During the Battle of Bemis Heights, however, Arnold supposedly defied Gates’ order and led an assault on horseback which helped the […]

What can we learn about ourselves?

What can we learn about ourselves? The Most Important Lessons are the Lessons We Learn About Ourselves I love being alone. I write best in limited quantities. I rely heavily on the Internet for progress. I am motivated by deadlines and the presence of others. My life is more than minimalism. Experiments help us grow. […]

Why do scientists share information with one another?

Why do scientists share information with one another? In addition, scientists exchange information with other scientists in order to “corroborate” their findings. This means that they compare their research results with those of other scientists doing the same or similar work in order to validate (verify) the accuracy of their results. Why sharing scientific knowledge […]

When should contingent liabilities be recorded?

When should contingent liabilities be recorded? Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the […]

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