Author Question: The income summary account is closed to the owner's capital account. a. True b. False Indicate ... (Read 189 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
The income summary account is closed to the owner's capital account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following would most likely be accounted for in an Internal Service Fund?
 
  A. A government's water and sewer department if it provides water and sewer services to government departments as well as to residents and businesses in the community.
  B. A government's central printing shop that provides a very minimal amount of services to a few outside customers.
  C. The Payroll and Benefits Department of the government.
  D. A consolidated supplies facility where most of the customers are other governments.



katara

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

True

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

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?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

For a complete list of videos, visit our video library