Which of the following accounts is NOT closed?
a. depreciation expense
b. dividends
c. service revenue
d. accumulated depreciation
Ans: d. accumulated depreciation
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A simple sentence has two important parts, the subject and the verb
Indicate whether the statement is true or false
What are some of the matters involving fundamental changes in the corporation and requiring shareholder approval?
a. Amendments to articles of incorporation. b. Sale or lease of corporate assets in the regular course of business. c. Selection of a corporate president. d. Removal of the corporation's officers. e. All of these.
Some high-end computers have 16 or more CPUs.
Answer the following statement true (T) or false (F)
Which of the following is a passive activity?
A. Rental real estate activities where the owner is a real estate professional and works 800 hours per year. B. A limited partnership interest. C. A trade or business in which the taxpayer materially participates. D. All of these.