Symptoms of a hiccup. Some of the signs and symptoms accompanying a hiccup caused due to a diaphragm spasm are listed below: Hiccups may occur as an audible squeak, chirp, or a âhicâ sound. If it is suppressed, then patients may elicit a quick inhaling sniff, sigh, or gasp.
Equity accounts, like liabilities accounts, have credit balances. This means that entries created on the left side (debit entries) of an equity T-account decrease the equity account balance while journal entries created on the right side (credit entries) increase the account balance.
Exam note: CPA exams in the past have listed a firm's treasury stock in the investment section of the balance sheet in questions calling for the candidate to identify errors. This requires the candidate to recognize that treasury stock is not an asset of the firm. It is reported as a contra-owner's equity account. These questions are solved by reducing the investment account by the amount recorded as treasury stock, and reinstating the treasury stock account as a reduction from total OE.