Enron had “on balance sheet” charges and should they have to be included  in the financials of the company. That was one of the reasons so few people saw the fraud ahead of time.

Does any economic system work well when people are unethical?

The SEC (securities and exchange commision) head Gary Gensler posted a tweet on X that a spot Bitcoin ETF had just be approved 1 day early. The tweet turned out to be false. The price of Bitcoin spiked on the news. Will the SEC be sued for releasing false information?

 Identify as either a debit or credit to the account:  Increase a “Mortgage Payable” account. 

Solvency is the ability the business has to pay off their debts by their required date. (based on a student definition from vocabulary game assignment)

Question: What is the mistake with the transaction on May 9th in the journal below?  

Accounting is the language of business.

Based on the Balance Sheet figures below, calculate the Quick Ratio.  

Mr Wood wants you to open a TFSA when you are 18 years old and start saving. A TFSA allows people to create wealth without capital gains tax. Wouldn’t it make more sense to just elminate capital gains tax and then Canadians would not need a TFSA.

Most business people and investors would say capital gains taxes are destructive to the overall economy.