This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Unlike the interest rate, which is determined by an economic expert, the applicable discount rate ... (Read 105 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jul 6, 2018
Unlike the interest rate, which is determined by an economic expert, the applicable discount rate for past damages is the risk-free rate.
 
  Indicate whether the statement is true or false

Question 2

The entry to close Income Summary, assuming a net loss, would involve a
 a. credit to cash.
   b. debit to net income.
   c. credit to Income Summary.
   d. credit to capital.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 6, 2018
Answer to Question 1

FALSE
Explanation: Unlike the discount rate, which is determined by an economic expert, the applicable interest rate for past damages is jurisdiction-specific.

Answer to Question 2

c


debasdf

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 6, 2018
Correct answers!


aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 6, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Economic and Social Development Economic and Social Development
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Calculating Growth Rate of Bacteria Calculating Growth Rate of Bacteria
economic question economic question
economic question economic question
economic question economic question
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library