Unlike the interest rate, which is determined by an economic ...

[debasdf]

Unlike the interest rate, which is determined by an economic expert, the applicable discount rate for past damages is the risk-free rate.
 
  Indicate whether the statement is true or false

Question 2

The entry to close Income Summary, assuming a net loss, would involve a
 a. credit to cash.
   b. debit to net income.
   c. credit to Income Summary.
   d. credit to capital.

[aliotak]

Answer to Question 1

FALSE
Explanation: Unlike the discount rate, which is determined by an economic expert, the applicable interest rate for past damages is jurisdiction-specific.

Answer to Question 2

c

[debasdf]

Correct answers!

[aliotak]

Great! Please up vote