Bramble Corp. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Bramble accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows:

Last payroll was paid on 12/26/20, for the 2-week period ended 12/26/20.
Overtime pay earned in the 2-week period ended 12/26/20 was $24000.
Remaining work days in 2020 were December 29, 30, 31, on which days there was no overtime.
The recurring biweekly salaries total $462000.

Assuming a five-day workweek, Bramble should record a liability at December 31, 2020 for accrued salaries of .

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.