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 270 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
Great answer, keep it coming :)

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

An open circulatory system. An open circulatory system.
(A) Dornier Compact Delta® lithotripsy system. Acoustic shock waves generated by the shock-wave-gene (A) Dornier Compact Delta® lithotripsy system. Acoustic shock waves generated by the shock-wave-gene
Development of the Endocrine System Development of the Endocrine System
Sensation Activity: Sight Sensation Activity: Sight
Classical-Conditioning Activity Classical-Conditioning Activity
Sensory systems and Endocrine system Sensory systems and Endocrine system
Video: Introduction to Autism

For a complete list of videos, visit our video library