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

Author Question: ________ are more concept-based than ________. A) IFRS; U.S. GAAP B) U.S. GAAP; IFRS C) This is ... (Read 93 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Jul 5, 2018
________ are more concept-based than ________.
 
  A) IFRS; U.S. GAAP
  B) U.S. GAAP; IFRS
  C) This is a trick question, since U.S. GAAP and IFRS are the same.
  D) IGAAP; U.S. GAAP

Question 2

The journal entry to close the drawing account includes
 a. debiting the owner's capital account and crediting the drawing account.
   b. debiting the drawing account and crediting the owner's capital account.
   c. debiting Income Summary and crediting the drawing account.
   d. debiting the drawing account and crediting Income Summary.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

a


panfilo

  • Member
  • Posts: 572
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Traditional animal phylogeny based on body plans. Traditional animal phylogeny based on body plans.
Play in Four Cultures Across cultures, play is the most common activity in early childhood. Source: Play in Four Cultures Across cultures, play is the most common activity in early childhood. Source:
Performing Transmission-Based Precaution: Isolation Techniques Performing Transmission-Based Precaution: Isolation Techniques
The situational specificity of tolerance to the hypothermic effects of alcohol in rats. (Based on ... The situational specificity of tolerance to the hypothermic effects of alcohol in rats. (Based on ...
Foundations of evidence-based practice. Foundations of evidence-based practice.
Vision-based Magnetic Compass in European Robins Vision-based Magnetic Compass in European Robins
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library