This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Utilities expense account is closed by debiting its balance and crediting Retained earnings. ... (Read 86 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
on: Jul 5, 2018
The Utilities expense account is closed by debiting its balance and crediting Retained earnings.
 
  Indicate whether the statement is true or false

Question 2

As we compare a merchandise business to a service business, the financial statement that changes the most is the balance sheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 5, 2018
Answer to Question 1

FALSE

Answer to Question 2

False


eruditmonkey@yahoo.com

  • Member
  • Posts: 546
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Examples of open and closed ended questons Examples of open and closed ended questons
Energy Balance Energy Balance
Calcium balance. Calcium balance.
Material Balance on Coolers in series Material Balance on Coolers in series
Material Balance on the process pipe and the separator Material Balance on the process pipe and the separator
How to create a table of values displaying commission and earnings (Question 1) How to create a table of values displaying commission and earnings (Question 1)
Video: Heart Chambers

For a complete list of videos, visit our video library