This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An activity-based costing system is necessary for costing services that are similar. Indicate ... (Read 217 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
An activity-based costing system is necessary for costing services that are similar.
 
  Indicate whether this statement is true or false.

Question 2

On November 1, Nikle Company made a cash payment of 200,000 on a note payable that was generated in thepurchase of a building and land. Provide the journal entry for this transaction.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

Nov. 1 Notes Payable 200,000
Cash 200,000
Made payment on note payable.


burton19126

  • Member
  • Posts: 532
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

The Endomembrane System 1 The Endomembrane System 1
Anatomical Charts Muscular System Anatomical Charts Muscular System
The immune system has several different components that work in concert. The immune system has several different components that work in concert.
Allosteric regulation of enzyme activity. Allosteric regulation of enzyme activity.
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
The Koeppen System The Koeppen System
Video: Labor and Childbirth - The Three Stages of Labor: Dilation, Expulsion & Placental مراحل الولادة

For a complete list of videos, visit our video library