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

Author Question: Companies that use IFRS may switch the order of presentation of assets and liabilities, listing ... (Read 107 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: Jul 6, 2018
Companies that use IFRS may switch the order of presentation of assets and liabilities, listing noncurrent items before current items.
 
  Indicate whether the statement is true or false

Question 2

A net loss
 a. decreases the Cash account.
   b. increases the owner's Capital account.
   c. decreases the owner's Capital account.
   d. decreases the owner's Drawing account.
   e. increases the owner's Drawing account.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 6, 2018
Answer to Question 1

F

Answer to Question 2

c


c0205847

  • Member
  • Posts: 531
Reply 2 on: Jul 6, 2018
:D TYSM

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

A single crossover inserts F at a specific locus, which then determines the order of gene transfer A single crossover inserts F at a specific locus, which then determines the order of gene transfer
A speculum used to hold the vagina open in order to visualize the cervix. A speculum used to hold the vagina open in order to visualize the cervix.
Example of a cladogram, or branching order, of the New World monkey Superfamily Ceboidea. Example of a cladogram, or branching order, of the New World monkey Superfamily Ceboidea.
Sample inventory order form. Sample inventory order form.
A schematic showing that an inertia switch is connected in series between the fuel-pump relay and ... A schematic showing that an inertia switch is connected in series between the fuel-pump relay and ...
Rate order question Rate order question
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library