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 80 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

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Female choice based on male appearance. Female choice based on male appearance.
Concept map Concept map
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
The concept of a threshold stimulus. The concept of a threshold stimulus.
VALUATION CONCEPT & METHODOLOGIES VALUATION CONCEPT & METHODOLOGIES
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library