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Author Question: When a merchandising business is compared to a service business, the financial statement that is not ... (Read 165 times)

humphriesbr@me.com

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on: Jul 5, 2018
When a merchandising business is compared to a service business, the financial statement that is not affected by that change is the statement of owner's equity.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Permanent accounts are closed into Retained earnings at the end of the accounting period.
 
  Indicate whether the statement is true or false


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elyse44

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

FALSE


humphriesbr@me.com

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  • Posts: 550
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Animal_Goddess

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Reply 3 on: Yesterday
Excellent

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