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 346 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
:D TYSM

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

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

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Use of an animal cap assay to demonstrate morphogen activity in conditional specification. Use of an animal cap assay to demonstrate morphogen activity in conditional specification.
Control of lipolysis in adipose cells by a cAMP-mediated cascade system Control of lipolysis in adipose cells by a cAMP-mediated cascade system
Fatty acid desaturation system Fatty acid desaturation system
A model of the 70S ribosome based upon early structural data A model of the 70S ribosome based upon early structural data
Some of the major nerves of the human nervous system Some of the major nerves of the human nervous system
Winter Activity grade 1 Winter Activity grade 1
Video: Coronary Heart Disease Animation

For a complete list of videos, visit our video library