Question: Please help last chance and Answer choice A is wrong, will upvote and give great reviews of someone can get this solved thank you so
thank you so much! QUESTION 7 Answer the following statements as true or false, then select the correct multiple -choice answer: 1. If dividends are declared during the year the company would close the dividend account by debiting retained earnings and crediting the dividend account. 2. A company that forgets to recognize depreciation for the year understates its income and assets. 3. Prepaid insurance expense will have a zero balance on the after closing trial balance. 4. Retained earnings on an adjusted trial balance is the beginning retained earnings for the period OA True, False, False, False OB. False, True, True, False True, False, False, True 0 D. False, True, True, True E. True, True, False, False Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Sa
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