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 92 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?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

A 1998 false-colour near-infrared image of Uranus showing cloud bands, rings, and moons obtained by A 1998 false-colour near-infrared image of Uranus showing cloud bands, rings, and moons obtained by
Exercise increases the heart rate. Exercise increases the heart rate.
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Causes of Angina

For a complete list of videos, visit our video library