« previous next »

Author Question: Which of the following are all temporary accounts? a. Liabilities, revenue, and expenses b. ... (Read 92 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jul 6, 2018
Which of the following are all temporary accounts?
 a. Liabilities, revenue, and expenses
   b. Revenue, liabilities, and the owner's Drawing
   c. Assets, liabilities, and owner's Drawing
   d. Revenue, expenses, and the Owner's Drawing
   e. Liabilities and assets

Question 2

Which of the following statements is true?
 
  a. Foreign firms registered with the SEC may file reports based on IFRS.
   b. U.S. firms registered with the SEC may file reports based on IFRS.
  c. The European Union requires firms to report based on GAAP.
  d. Foreign firms registered with the SEC may file reports based on IFRS only if they reconcile all amounts to GAAP.


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Meiosis Accounts for the Segregation of Alleles p1 Meiosis Accounts for the Segregation of Alleles p1
Temporary and permanent pacemakers. Temporary and permanent pacemakers.
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Transport accounts for 14% of greenhouse gas emissions Transport accounts for 14% of greenhouse gas emissions
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library