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Likurg_2 [28]
2 years ago
14

Owner must share their profits. True or false

Business
2 answers:
Andrew [12]2 years ago
7 0
True because they need to pay their workers
Ket [755]2 years ago
3 0

Answer:

True

Explanation:

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Agents of a business
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All competitive advantages do not accrue to large-sized firms. A major advantage of smaller firms are that they ____ (A) have mo
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Answer: All competitive advantages do not accrue to large-sized firms. A major advantage of smaller firms are that they "(B) can launch competitive actions more quickly."

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Which of the following definitions describes the term electroncution
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A reflex response to the passage of electric current through the human body and results when electric current enters the body at one point and leaves through another.
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2 years ago
After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $2,450,000
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Answer:

income summary   550  debit

     retained earnings      550 credit

--to close income sumary against RE--

Explanation:

To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.

 Income Summary

<u>   Debit        Credit   </u>

2,450

<u>                    3,000    </u>

Balance          550

We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.

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3 years ago
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