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 104 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
:D TYSM

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Concept map of disease and immune system Concept map of disease and immune system
Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Concept Formation Concept Formation
Basic classification of streptococci-based on hemolysis. Basic classification of streptococci-based on hemolysis.
Cladogram Based On DNA Sequence Cladogram Based On DNA Sequence
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library