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 107 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
Excellent

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

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.

closed gentian closed gentian
APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5
Some different varieties of asymmetrical balance. Some different varieties of asymmetrical balance.
Rapping. Tapotement performed with the knuckles of a loosely closed fist, as if rapping lightly on a ... Rapping. Tapotement performed with the knuckles of a loosely closed fist, as if rapping lightly on a ...
Acid–Base Balance Acid–Base Balance
Venus Fly Trap closed on a fly Venus Fly Trap closed on a fly
Video: Parkinson's Disease

For a complete list of videos, visit our video library