Author Question: The income summary account is closed to the owner's capital account. a. True b. False Indicate ... (Read 187 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?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

For a complete list of videos, visit our video library