1 answer

Which of the following would not be proper in a closing entry? A. Crediting expense accounts...

Question:

Which of the following would not be proper in a closing entry? A. Crediting expense accounts Crediting retained earnings for

Which of the following would not be proper in a closing entry? A. Crediting expense accounts Crediting retained earnings for net income Crediting retained earnings for net loss Debiting retained earnings for net loss Debiting revenue accounts E.

Answers

Answer is C. Crediting retained earnings for net loss

For net loss, Retained earnings is debited and income summary will be credited

.

Similar Solved Questions

1 answer
The cost of capital for retained earnings is a market driven b. calculated using the Geurts...
The cost of capital for retained earnings is a market driven b. calculated using the Geurts Valuation Model ( GVM). c affected by the tax rate of the firm d. subject to flotation costs. e difficult to estimate. 9 Nagel Equipment has a beta of 0.88 and an expected dividend growth rate of 4.00 % per y...
1 answer
A sample of argon gas at a pressure of 0.894 atm and a temperature of 199...
A sample of argon gas at a pressure of 0.894 atm and a temperature of 199 °C, occupies a volume of 853 mL. If the gas is heated at constant pressure until its volume is 998 mL, the temperature of the gas sample will be .... °C....
1 answer
Are there outliers? If so what are they? The following random sample of 28 female basketball...
Are there outliers? If so what are they? The following random sample of 28 female basketball player heights, in inches, is: 63 71 69 65 73 84 70 69 67 74 75 68 65 63 67 69 68 72 73 75 72 75 73 68 69 74 65 65 (Ex= 1961 Ex2 = 137,911)...
1 answer
Which of the following statements are true regarding externalities? (Check all thot apply.) OA. In the...
Which of the following statements are true regarding externalities? (Check all thot apply.) OA. In the case of an extemality, the free market wil maximize social surplus. occurs when an economic activity has a spillover cost to a bystander. C. Deadweight loss can be either a foregone benefit or the ...
1 answer
How do you calculate the arithmetic mean?
How do you calculate the arithmetic mean?...
1 answer
I answered part A and B . i need the answer to part C. please clearly...
i answered part A and B . i need the answer to part C. please clearly identify the answer and write out everything This question has multiple parts. Work all the parts to get the most points. For the following reaction: с 1. NaOCH CH3 Hoc оснен, OCH2CH3 OCH CH 2....
1 answer
Every few years, winds in Boulder, Colorado, attain sustained speeds of 45.0 m/s (about 100 miles...
Every few years, winds in Boulder, Colorado, attain sustained speeds of 45.0 m/s (about 100 miles per hour) when the jet stream descends during early spring. Approximately what is the force due to the Bernoulli effect on a roof having an area of 245 m2? Typical air density in Boulder is 1.14 kg/m3, ...
1 answer
Sales Mix Biblio Files Company is making plans for its next fiscal year, and decides to...
Sales Mix Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings Type of Sales Price Variable Cost Bookshelf per Unit per Unit Basic $5.00 $1.75 ...
1 answer
What is cot 75 degrees?
What is cot 75 degrees?...
1 answer
Using the table of reduction potentials (Eo) for the half-reactions shown, match the given redox reactions...
Using the table of reduction potentials (Eo) for the half-reactions shown, match the given redox reactions with their Eo and predict the change in free energy by stating whether the reactions will be exergonic or endergonic Exergonic 1.14 V 1.00 V 0.15 V 1.24 V 1.24 V Endergonic Reaction Free Energy...
1 answer
Problem 4 (25 points) The total external force on the 2 kilogram object is given as...
Problem 4 (25 points) The total external force on the 2 kilogram object is given as a function of time by F = 2.5ti + 5taj newtons. At time ty = 0, the object's position and velocity are p = 0 and v = 0. OK (a) Use Newton's 2nd law to obtain expressions for the object's velocity and posi...
1 answer
A young father needing to provide his family with financial security would be better off purchasing:...
A young father needing to provide his family with financial security would be better off purchasing: a whole life insurance policy. a term life insurance policy. as much life insurance as they can afford. no life insurance; instead he should focus on saving....
1 answer
1) Evaluate dx = (a) Convergent but sum cannot be determined (b) 1 13 (c) Divergent...
1) Evaluate dx = (a) Convergent but sum cannot be determined (b) 1 13 (c) Divergent (d) 13 2) 14 Evaluate ¿14- nan (a) Convergent but sum cannot be determined (b) 1 (c) Divergent (d) 0 1 3) Evaluate Σ 14 an (a) Convergent but sum cannot be determined (6) 1 13 (C) Divergent (d) 20 1 4) E...
1 answer
How does the range of a function relate to its y-values?
How does the range of a function relate to its y-values?...
1 answer
I need help with this question of Differential Equation. Thanks Find and classify the equilibrium solutions...
I need help with this question of Differential Equation. Thanks Find and classify the equilibrium solutions and sketch the phase plane of the following system of ordinary differential equations. fx' = y(x - 1) y = x(y + 1)...
1 answer
If aggregate output exceeds planned aggregate expenditure, O A. unplanned inventory increases have occurred and firms...
If aggregate output exceeds planned aggregate expenditure, O A. unplanned inventory increases have occurred and firms will increase output. O B. unplanned inventory reductions have occurred and firms will increase output. O c. unplanned inventory increases have occurred and firms will decrease outpu...
1 answer
A person who looks at a sequence of 14, 12, 10, 8 and decides that the next two terms are 6 and 4 is doing deductive thinking
A person who looks at a sequence of 14, 12, 10, 8 and decides that the next two terms are 6 and 4 is doing deductive thinking.TrueFalse...
1 answer
Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $30,000. The annual...
Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $30,000. The annual cash inflows are as follows. Use Appendix D. Year Cash Flow     1 $15,000 2 13,000 3 8,000 a. Determine the IRR using interpolation. (Round the interm...