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Luden [163]
3 years ago
5

The closing entry process consists of closing:A)all asset and liability accounts.B)out the Retained Earnings account.C)all perma

nent accounts.D)all temporary accounts.
Business
1 answer:
allochka39001 [22]3 years ago
8 0

Answer:

D.) All the temporary accounts

Explanation:

The closing entry process closes or "zeroes out" the temporary accounts and transfer their balances to the retained earnings account.

Theses temporary accounts are closed or reset at the end of every year. Companies also call this as the closing of the books.

Temporary accounts includes:

1. Revenue & Gain Accounts

2. Expenses & Losses Accounts

3. Dividends & Withdrawal Accounts

4. Income Summary accounts (if used)

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REY [17]

Answer: A clear statement of the problem

Explanation:

The opening of a direct claim message should clearly state the problem that you would like to be addressed by the receiver and would set the tone for the rest of the message.

Claim messages are formal messages and as such, should be clear and concise so that the message is communicated effectively and there is a lesser chance of the message being misread. This is why the message should be clearly stated, so that the receiver understands it and responds in kind.

5 0
3 years ago
Current assets are those assets that can be converted into cash within:
alukav5142 [94]

Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

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I hope my answer helps you

4 0
3 years ago
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7 0
3 years ago
Which of the following is an example of the proper noun a region B Western States see National map
Luden [163]
The answer is 

B) Western States

a proper noun is a person place or thing that has capital letters (Susan, Oklahoma, etc.)
4 0
3 years ago
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Classify each of the following items as a final good or an intermediate​ good, and classify the expenditure on each final good a
klasskru [66]

Answer:

Classification of Goods

a.           Intermediate good; Investment

b.           Final Good = Consumption

c.           Intermediate good; Investment

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Explanation:

An intermediate good produces a final good for consumption.  Intermediate goods are used for investment to generate more resources that can be consumed in the future.  A final good, in most cases, does not require further processing.  It is consumed immediately by the buyer.

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3 years ago
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