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Author Question: A expresses each item on the balance sheet as a percentage of total assets. What will be an ideal ... (Read 74 times)

Melani1276

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on: Jul 6, 2018
A expresses each item on the balance sheet as a percentage of total assets.
 
  What will be an ideal response?

Question 2

The entry to close expenses would involve (a)
 a. debit to Income Summary
   b. debit to drawing.
   c. credit to net income.
   d. debits to expense accounts.


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ricroger

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Reply #1 on: Jul 6, 2018
Answer to Question 1

common-size balance sheet

Answer to Question 2

a


Melani1276

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

nothere

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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