Which of the following is a (are) permanent account(s)?
A. The Dividend account
B. All balance sheet accounts and the Dividends account
C. The Retained Earnings account
D. All income statement accounts
Answer: C
You might also like to view...
A trial balance is a(n):
A) optional financial statement used only by creditors. B) tool used to prove the equality of debits and credits in the general ledger. C) list of accounts and their balances taken from the chart of accounts. D) financial statement which can be used in place of a balance sheet.
Project audits are usually initiated at ad hoc times
Indicate whether the statement is true or false
At the top of the management pyramid, or hierarchy, are ____________________.
Fill in the blank(s) with the appropriate word(s).
Wild Things, Inc (WTI), in its ads, makes claims about its products that are obvious exaggerations and claims that are false but appear to be true. WTI may be subject to sanctions for? A) neither the false claims nor the obvious exaggerations
B) only the false claims. C) only the obvious exaggerations. D) the false claims and the obvious exaggerations.