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 74 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?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

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?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
true story true story
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Efficiency vs. Equity Efficiency vs. Equity
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library