Author Question: The post-closing trial balance contains only asset, liability, and revenue accounts. a. True b. ... (Read 84 times)

drink · **on:** Jul 6, 2018

The post-closing trial balance contains only asset, liability, and revenue accounts.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Although both paper and witness testimony can serve as evidence, paper is the more critical of the two in a direct method case because a witness

A) provides a greater level of objectivity.
B) can be self-serving.
C) cannot change his/her mind.
D) is more persuasive.

Jayson · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

False

Answer to Question 2

B
Explanation: B) Although both paper and witness testimony can serve as evidence, paper is the more critical of the two in a direct method case because a witness can be self-serving.