« previous next »

Author Question: _____ charges are the expenses recognized to record a decline in value of a long-term asset. Fill ... (Read 78 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jul 6, 2018
_____ charges are the expenses recognized to record a decline in value of a long-term asset.
 
  Fill in the blanks with correct word

Question 2

At the end of the fiscal period, the credit balance in Cash Short and Over is reported as
 a. an other expense on the income statement.
   b. an asset on the balance sheet.
   c. an other revenue on the income statement.
   d. a liability on the balance sheet.
   e. part of owner's equity on the balance sheet.


aprice35067

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 6, 2018
Answer to Question 1

Impairment

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Associative Long-Term Potentiation Associative Long-Term Potentiation
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
The Phanerozoic Oxygen Isotope Record of Seawater The Phanerozoic Oxygen Isotope Record of Seawater
The air flowing into the engine can be directed through long or short runners for best performance ... The air flowing into the engine can be directed through long or short runners for best performance ...
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Video: Origin of organelles Animation

For a complete list of videos, visit our video library