All temporary accounts will have balances.	true or false
2	the primary criterion by which accounting information can be judged is Usefulness for accounting
3	Partnership Owned by one or two persons
4	The purpose of the post-closing trial balance is to prove the equality of the permanent account balances that the company carries forward into the next accounting period
5	At the end of the accounting period, companies transfer the temporary account balances to the permanent stockholders equity accountRetained Earnings.
6	In Accrual-Basis Accounting Transactions recorded in the periods in which the cash occur
7	Two primary sources of outside funds are Borrowing money and Issuing (selling) goods and services for cash
8	Long-Term Investments including Investments in stocks and bonds of other corporations that are held for more than one year
9	Permanent Accounts including revenue, liability, and stockholders equity
10	The balance in retained earnings is not affected by issuance of common stock