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

Author Question: The first step in the closing process is to close the _____________ account(s) into the ___________ ... (Read 67 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jul 6, 2018
The first step in the closing process is to close the _____________ account(s) into the ___________ account(s).
 a. revenue, net income
   b. income summary, revenue
   c. expense, net income
   d. revenue, income summary

Question 2

All of the following items should be discussed in the management discussion and analysis except for:
 
  a. Anticipated changes in the mix and cost of financing resources.
  b. The market value of all assets.
  c. The internal and external sources of liquidity.
  d. Unusual or infrequent transactions that affect income from continuing operations.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

c


lunatika

  • Member
  • Posts: 548
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Simplified diagram of the fractional distillation process Simplified diagram of the fractional distillation process
Close-ups of Jupiter’s Atmosphere Close-ups of Jupiter’s Atmosphere
Process flow diagram for Acetic Anhydride Plant Process flow diagram for Acetic Anhydride Plant
Color mixtures of reflected pigment—subtractive process Color mixtures of reflected pigment—subtractive process
Step-by-Step Approach for Managing COPD Step-by-Step Approach for Managing COPD
The policymaking process The policymaking process
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library