Question: Multiple Select Question Select all that apply Which of the following statements are thue about the clesing process? ( Select all that apply. ) Temporary
Multiple Select Question
Select all that apply
Which of the following statements are thue about the clesing process? Select all that apply.
Temporary accounts, which include revenues, expenses, and dividends, are closed into Retained Earnings
Permanent accounts are not closed and are reported on the balance sheet
Permanent accounts, which include revenues, expenses, and dividends, are closed into Retained Earnings
Permanent accounts are not closed and are reported on the income statement
Retained Earnings is a temporary account and is closed into stockholders' equity
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