Question: Multiple Select Question Select all that apply Which of the statements below describe ( s ) a permanent account? ( Check all that apply. )
Multiple Select Question
Select all that apply
Which of the statements below describes a permanent account? Check all that apply.
A permanent account is closed at the end of an accounting period.
A permanent account is reported on the balance sheet.
A permanent account's balance is carried forward to the next accounting period.
A permanent account has a balance for only one period.
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