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 38 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
YES! Correct, THANKS for helping me on my review

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Eastern gray squirrels are born naked with their eyes closed Eastern gray squirrels are born naked with their eyes closed
Some different varieties of asymmetrical balance. Some different varieties of asymmetrical balance.
A closed fracture. A closed fracture.
Protein Needs Are Determined by Nitrogen Balance in Your Body Protein Needs Are Determined by Nitrogen Balance in Your Body
Acid–Base Balance Acid–Base Balance
Comparison of open and closed circulatory systems. Comparison of open and closed circulatory systems.
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library