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Author Question: Which of the following is an internal source of liquidity? a. Borrowing. b. Sales of stock. c. ... (Read 50 times)

jenna1

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on: Jul 6, 2018
Which of the following is an internal source of liquidity?
 
  a. Borrowing.
  b. Sales of stock.
  c. Gifts and donations.
  d. Sales of products or services.

Question 2

The second step in the closing process is to close the _____________ account(s) into the ___________ account(s).
 a. expense, income summary
   b. income summary, expense
   c. expense, net income
   d. revenue, income summary


Pswine

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

d

Answer to Question 2

a


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