This topic contains a solution. Click here to go to the answer

Author Question: The entry to close revenue would involve a a. debit to capital. b. credit to Income Summary. c. ... (Read 118 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
The entry to close revenue would involve a
 a. debit to capital.
   b. credit to Income Summary.
   c. debit to net income.
   d. credit to revenue.

Question 2

What organization has the authority to register, inspect, and discipline auditors of all publicly owned companies?
 
  a. Public Company Accounting Oversight Board.
  b. SOX.
  c. Congress.
  d. FASB.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

b

Answer to Question 2

b





 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

For a complete list of videos, visit our video library