subject
Business, 12.06.2020 21:57 vanessasanmarti8630

The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable the accountant to prepare financial statements at the end of the accounting period. c. Establish new balances in the balance sheet accounts. d. Reduce the number of expense accounts.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 18:00
What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
question
Business, 22.06.2019 19:40
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
Answers: 3
question
Business, 22.06.2019 20:40
Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.
Answers: 2
question
Business, 22.06.2019 21:00
In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs.truefalse
Answers: 1
You know the right answer?
The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update...
Questions
question
Mathematics, 04.04.2020 07:16
question
Mathematics, 04.04.2020 07:16
question
Mathematics, 04.04.2020 07:16
question
Mathematics, 04.04.2020 07:16
Questions on the website: 13722367