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

Author Question: The bank reconciliation for Lahiri Co shows a 30 debit memo for service charges. The journal entry ... (Read 45 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
on: Jul 6, 2018
The bank reconciliation for Lahiri Co shows a 30 debit memo for service charges. The journal entry to record this item would involve a
 a. debit to Cash.
   b. debit to Debit Memo.
   c. debit to Miscellaneous Expense.
   d. none of the answers listed.

Question 2

Which of the following statements is true of the calculation of economic damages in a civil litigation?
 
  A) All future economic damages must be reduced to present value, which requires the application of a discount rate.
  B) Calculations of economic damages are often based on a set of foundational assumptions rather than facts.
  C) Interest on past economic damages is always calculated by a forensic accountant.
  D) Worklife expectancy is the period of time a person is expected to live past retirement.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

A
Explanation: A) All future economic damages must be reduced to present value, which requires the application of a discount rate.


moongchi

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jul 6, 2018
Correct answers!


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jul 6, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress
Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced
Electric Charges Electric Charges
The West Bank Challenge The West Bank Challenge
A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla
Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library