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Author Question: A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ... (Read 102 times)

jenna1

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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.


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marict

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

A


jenna1

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Reply #2 on: Jul 5, 2018
Correct answers!


marict

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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