Which types of accounts are closed out to the Retained Earnings account at the end of an accounting period?
What will be an ideal response?
Revenues, expenses, and dividends are temporary accounts and are closed at the end of the accounting period.
These accounts are called temporary, or nominal, accounts. Note that dividends are reported on neither the income statement nor the balance sheet.
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Risks associated with costs can be reduced by each of the following except
A) considering many design alternatives before choosing the design. B) creating a project schedule and striving to adhere to it. C) identifying and monitoring the key cost drivers. D) identifying critical tasks and their interdependencies.
Database developers should use meaningful information for primary keys
Indicate whether the statement is true or false
Virtually all expert systems deal with problems of
A) policy development. B) classification. C) logic and control. D) high complexity. E) imprecise rules.
SQL is a powerful database language that can be used to define database systems, query the database for information, generate reports from the database, and access databases from within programs using embedded commands.
Answer the following statement true (T) or false (F)