3 years ago

14. What does the term claims exchange transaction mean?

1 answer:

7 0

A transaction that decreases one claim and increases another claim; total claims remain unchanged. For example, accruing interest expense is a claims exchange transaction; liabilities increase, and the expense recognition decreases retained earnings.

You might be interested in

Find the number. Solve this question please!! <br>A) 30 is 90% of what number?

Hatshy [7]

Answer:

33.33

Step-by-step explanation:

We have, 90% × x = 30

or, 90 / 100 × x = 30

Multiplying both sides by 100 and dividing both sides by 90,

we have x = 30 × 100 / 90

x = 33.33

If you are using a calculator, simply enter 30×100÷90, which will give you the answer.