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

Author Question: The ____________________ account is a temporary account used in the closing process to summarize the ... (Read 68 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
The ___________________ _ account is a temporary account used in the closing process to summarize the effects of all revenue and expense accounts.
 Fill in the blank(s) with correct word

Question 2

A corporation must be owned by two or more people.
 
  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

succesfull

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

Income Summary

Answer to Question 2

FALSE




burton19126

  • Member
  • Posts: 532
Reply 2 on: Jul 5, 2018
:D TYSM


phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

For a complete list of videos, visit our video library