Answer:
b) update the Retained Earnings account.
Step-by-step explanation:
A major purpose of preparing closing entries is to - update the Retained Earnings account.
Retained earnings are defined as those profits, that a company has earned to date minus any dividends or other money paid to investors.
Whenever we make an entry to the accounting records, that affects a revenue or expense account, this retained earning amount is adjusted.
Sorry, what exactly is the question?
Answer:
409
Step-by-step explanation:
Answer: question 1: 20 question 2: 21 question 3: 17, 19, 23
Step-by-step explanation:
Answer:
The answer is 1.
Step-by-step explanation:
You need to evaluate the expression inside the parentheses.
(-3 + 5)⁰
= (2)⁰
= 1
According to the rule, any number raised to the power of 0 is always equal to 1.