This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following accounts will not be closed to Income Summary at the end of the fiscal year? ... (Read 53 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jul 5, 2018
Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?
 a. Utilities Expense
  b. Fees Earned
  c. Prepaid Insurance
  d. Insurance Expense

Question 2

The revenues budget identifies ________.
 
  A) expected cash flows for each product
  B) actual sales from last year for each product
  C) the expected level of sales for the company
  D) the variance of sales from actual for each product


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

Answer: C


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jul 5, 2018
Wow, this really help

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Medication errors are three times higher among children and infants than with adults.

(A) Closed (or simple) fracture and (B) open (or compound) fracture. (A) Closed (or simple) fracture and (B) open (or compound) fracture.
Summary of the Effects of Massage Cont Summary of the Effects of Massage Cont
Summary of the Elements of a Swedish Massage Session Summary of the Elements of a Swedish Massage Session
Determination of Income Inequality Determination of Income Inequality
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Summary of Avery, MacLeod, and McCarty’s experiment Summary of Avery, MacLeod, and McCarty’s experiment
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library