The closing process is necessary in order to:
A. Ensure that the company complies with state laws.
B. Ensure that net income or net loss and dividends for the period are closed into the retained earnings account.
C. Ensure that management is aware of how well the company is operating.
D. Ensure that all permanent accounts are closed to zero at the end of each accounting period.
E. Calculate net income or net loss for an accounting period.
Answer: B
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Mckelvey Inc., a U.S. - based cosmetics manufacturer, promotes its products using the same price value, composition, and advertisements irrespective of the target market location. In this case, the company is utilizing ________
A) contract manufacturing B) export marketing C) intermediary selling D) export selling
What steps can employers take to accommodate problems faced by workers with disabilities?
What will be an ideal response?
The ________ is time added to adjust for factors such as fatigue or equipment malfunction
Fill in the blanks with correct word
Lossaire, a jewelry house, needs to increase the company's declining cash inflow through its financing activities. In this context, Lossaire is most likely to:
A. sell the goods and services that it produces. B. sell its fixed assets and financial assets bought as long-term investments. C. form partnerships and mergers with companies operating in the same industry. D. issue additional shares of its own stock.