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 117 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?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library