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

Author Question: Which of the following accounts will not be closed to Income Summary at the end of the fiscal year? ... (Read 67 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jul 5, 2018
Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?
 a. Utilities Expense
  b. Fees Earned
  c. Prepaid Insurance
  d. Insurance Expense

Question 2

The revenues budget identifies ________.
 
  A) expected cash flows for each product
  B) actual sales from last year for each product
  C) the expected level of sales for the company
  D) the variance of sales from actual for each product


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

Answer: C


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jul 5, 2018
Excellent

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 1 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 1
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Summary of Guidelines for Safe Use of Cold and Ice Packs before and during Massage Summary of Guidelines for Safe Use of Cold and Ice Packs before and during Massage
Summary of Receptors for Somatic Sensations Summary of Receptors for Somatic Sensations
Summary of the three stages of aerobic respiration in a mitochondrion Summary of the three stages of aerobic respiration in a mitochondrion
Video: Structures that affect circulation - heart and MABP

For a complete list of videos, visit our video library