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

Author Question: A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ... (Read 116 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jul 5, 2018
A credit increases liabilities and owner's equity.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

If actuarial assumptions change such that the annuity payable is actually less than originally recorded, the change should be reported
 
  A. Immediately as a reduction in the annuity payable.
  B. Immediately as an expense.
  C. As an expense at the time the annuity obligations are fulfilled.
  D. As a reduction of annuity payable at the time the annuity obligations are fulfilled.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

A


jenna1

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jul 5, 2018
Correct answers!


marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

True Friendship True Friendship
The signal voltage from a throttle position increases as the throttle is opened because the wiper ... The signal voltage from a throttle position increases as the throttle is opened because the wiper ...
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Anterosuperior view of false pelvis (pink) Anterosuperior view of false pelvis (pink)
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library