Answer:
True
Explanation:
INTERPERIOD EQUITY is a government's obligation for enterprise to disclose whether current-year revenues were sufficient to pay for current-year benefits, or was payments defer to future taxpayers. That is, interperiod equity refers to whether the revenues gotten in the current-year are sufficient enough to pay for the services provided that same year.
I would have to say D. all of the above
Answer: only disaffirm the entire contract.
Explanation: Egbert, age sixteen, who purchases a $500 video-game system and a $50 computer chair from CompuStore. Egbert changes his mind and wants to avoid the contract for the video-game system but not the computer chair. However, Egbert may only disaffirm the entire contract.
Answer: The correct answer is "Included in net income".
Explanation: When an impairment of an investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is <u>included in net income.</u>
