Question: Incorrect Question 7 When do the Income Statement account balances reset to zero? Depends on the dates listed on the income statement and the

Incorrect Question 7 When do the Income Statement account balances reset to

Incorrect Question 7 When do the Income Statement account balances reset to zero? Depends on the dates listed on the income statement and the balance sheet. Depends on the industry the company operates in. They do not reset to zero. At the start of the company's new fiscal (business) year. Incorrect Question 8 When do the Balance Sheet account balances reset to zero? They do not reset to zero. Depends on the dates listed on the income statement and the balance sheet. At the start of the company's new fiscal (business) year. Depends on the industry the company operates in. 0 / 10 pts 0 / 10 pts

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