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Author Question: Both income statement and balance sheet accounts are closed at the end of a fiscal period. a. True ... (Read 58 times)

robinn137

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on: Jul 6, 2018
Both income statement and balance sheet accounts are closed at the end of a fiscal period.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A lease affects both the balance sheet and the income statement.
 
  What will be an ideal response?


mjbamaung

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

capital


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