« previous next »

Author Question: The person directed to receive the money indicated by a check is known as the payee. a. True b. ... (Read 109 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jul 5, 2018
The person directed to receive the money indicated by a check is known as the payee.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

On December 31, 2012, Twisted Pretzel was told by an appraiser that its land, which cost 100,000, was worth 120,000. Under IFRS, Twisted Pretzel would be allowed to: show the land on its financial statements as ________.
 
  A) an expense of 100,000 on the income statement
  B) an expense of 120,000 on the balance sheet
  C) an asset of 120,000 on the income statement
  D) an asset of 120,000 on the balance sheet


ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

True Friendship True Friendship
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
Carefully check the hose between the MAF sensor and the throttle plate for cracks or splits that ... Carefully check the hose between the MAF sensor and the throttle plate for cracks or splits that ...
Remove the heat source, and check the skin for redness. Massage the area, and notice muscle ... Remove the heat source, and check the skin for redness. Massage the area, and notice muscle ...
Time value money Time value money
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library