The only accounts that are closed are income statement accounts
Indicate whether the statement is true or false
False
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Merchandise Inventory and Cost of Goods Sold appear ________.
A) on the balance sheet and statement of retained earnings, respectively B) on the statement of retained earnings and income statement, respectively C) on the balance sheet and income statement, respectively D) on the income statement and statement of cash flows, respectively
The ________ attorney presented his opening defense after the ________ prosecutor spoke about all the evidence against the defendant
A) defendants'/states B) defendant's/state's C) defendants/states' D) defendants/states
A principal can authorize an independent contractor to enter into contracts
Indicate whether the statement is true or false
On MacKenzie’s team, the group goals have transcended the individual differences of group members. The goals are now ______ goals.
A. task B. divergent C. superordinate D. focus