Permanent accounts are found on:
A) the balance sheet.
B) the income statement.
C) both the balance sheet and the income statement.
D) none of the financial statements.
Correct Answer:
Verified
Q199: Which of the following statements about the
Q200: What is the purpose of the closing
Q201: A closing entry may include a:
A)debit to
Q202: If adjustments to the financial statements were
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Q205: Which of the following would understate net
Q206: Which of the following is the usual
Q207: The closing entry for dividends involves a
Q208: Which of the following steps is performed
Q209: In the closing process,expenses and dividends are
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