Answered: Exhibit: Deposit Expansion Stages New… | bartleby

Quickbooks Online Accounting

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.5C

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Exhibit: Deposit Expansion Stages
New
New
New
New
Cumulative
Checkable
Required
Excess
Loans
New
Stage
Deposits
Reserves Reserves
Deposits
1
$1,000
SA
SB
SC
2
SC
$1,800
3
$128
$2,440
4
$512
SD
$410
$410
SE
5
$82
6
$262
$262
Remaining
Stages
$1,310
Total
SF
SG
$4,000
SH
What is the value of $D in Stage 4 (round up to the nearest whole number)?
$82
O $102
O $128
O $160

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