After reading the new account insert in his monthly statement, tony Mercadante determined that the...
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Accounting
After reading the new account insert in his monthly statement, tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife Cynthia have three accounts at ABC Bank & Trust, one joint account with a balance of $60,000 and two individual accounts- his has a $150,000 balance and hers has a $254,000 balance. What amounts of FIC coverage do they each have?
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