If the commutative property indicates that a+b=b+a with the problem being 98,551+2,841=2,841+n, its a pretty safe assumption that n would equal 98,551. a would be 98,551 as b would be 2,841.
Answer:
18.75%
Step-by-step explanation:
(round answer if needed)
Answer:
0.16
Step-by-STep explanation:
0.16
Detecting...<span>
</span>Your answer would be:
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.