P10-8 (l04) (nonmonetary exchanges) holyfield corporation wishes to exchange a machine used in its operations. holy-field has received the following offers from other companies in the industry. 1. dorsett company offered to exchange a similar machine + $23,000. (the exchange has commercial substance for both parties.) 2. winston company offered to exchange a similar machine. (the exchange lacks commercial substance for both parties.) 3. liston company offered to exchange a similar machine, but wanted $3,000 in addition to holyfield's machine. (the exchange has commercial substance for both parties.)in addition, holyfield contacted greeley corporation, a dealer in machines. to obtain a new machine, holyfield must pay $93,000 in addition to trading in its old machine.holyfi cost$160,000$120,000$152,000$160,000$130,000accumulated depreciation60,00045,00071,00075,000-0-fair value92,00069,00092,00095,000185,000instructionsfor each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.
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Ответ:
a. automatic stabilizers.
b. automatic stabilizers.
Discretionary spending
Discretionary spending
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes