_____ charges are the expenses recognized to record a decline in ...

[aabwk4]

_____ charges are the expenses recognized to record a decline in value of a long-term asset.
 
  Fill in the blanks with correct word

Question 2

At the end of the fiscal period, the credit balance in Cash Short and Over is reported as
 a. an other expense on the income statement.
   b. an asset on the balance sheet.
   c. an other revenue on the income statement.
   d. a liability on the balance sheet.
   e. part of owner's equity on the balance sheet.

[aprice35067]

Answer to Question 1

Impairment

Answer to Question 2

c