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bazaltina [42]
3 years ago
11

Which of the following statements is not true for T accounts?

Business
1 answer:
Sever21 [200]3 years ago
5 0

Answer: The statement "d. The excess of the credits of an asset account over the debits is the balance of the account.". is <u>NOT TRUE.</u>

Explanation: The statement "d." is not true because according to the basic equity equation (ASSETS = LIABILITIES + EQUITY).

The excess of the debits of an asset account over the credits is the balance of the account and the excess of the credits of an owner's equity account or a liability account over the debits is the balance of the account.

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B. FALSE

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How does a policy manual help an organization
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B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
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Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

<h3>What is an original age?</h3>

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Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

Read more about original age

<em>brainly.com/question/26386049</em>

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1 year ago
The interest rate that lenders publish or advertise is usually:
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It’s A the nominal interest rate

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2 years ago
In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He
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Answer: D. The actual value of the contract is less than $30 million for each year he plays.

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Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.

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