Author Question: A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ... (Read 121 times)

jenna1 · **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.

marict · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

True

Answer to Question 2

A

jenna1 · **Reply #2 on:** Jul 5, 2018

Correct answers!

marict · **Reply #3 on:** Jul 5, 2018

Great! Please up vote

Author Question: A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ... (Read 121 times)

jenna1

A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ...

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marict

A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ...

jenna1

A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ...

marict

A credit increases liabilities and owner's equity. a. True b. False Indicate whether the ...