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 64 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?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Species richness increases with island size. Species richness increases with island size.
TrUe....FaLsE TrUe....FaLsE
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
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Video: Biological organic compounds

For a complete list of videos, visit our video library