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

Author Question: A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ... (Read 41 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jul 5, 2018
A credit increases liabilities and owner's equity.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

If actuarial assumptions change such that the annuity payable is actually less than originally recorded, the change should be reported
 
  A. Immediately as a reduction in the annuity payable.
  B. Immediately as an expense.
  C. As an expense at the time the annuity obligations are fulfilled.
  D. As a reduction of annuity payable at the time the annuity obligations are fulfilled.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

A


jenna1

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jul 5, 2018
Correct answers!


marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

A 1998 false-colour near-infrared image of Uranus showing cloud bands, rings, and moons obtained by A 1998 false-colour near-infrared image of Uranus showing cloud bands, rings, and moons obtained by
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
Efficiency vs. Equity Efficiency vs. Equity
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library