Are revenue expense and with draw all account temporary

Assignment Help Financial Accounting

Reference no: EM131293214

1. Are revenue expense and with draw all account temporary or permanent account.

2. What account are the temporary accounts closed out to before everything is taken to retained earnings.

Reference no: EM131293214

Questions Cloud

Table variable costs for lawns : Look at the table Variable Costs for Lawns. During the summer Alex runs a lawn-mowing service, and lawn-mowing is a perfectly competitive industry made up of 100 identical firms.

Evaluate return on equity using the dupont system : Calculate Return on Equity (ROE) using the DuPont system. Review of the soundness of the company's financial policies (e.g. capital structure, debt, leverage, dividend policy, etc.) based on the material covered during class.

Discuss about the wireless technology : Discuss about the Wireless Technology.define each topology,provide a scenario for using each topology, and identify at least one disadvantage of using each topology.

Excessive pay levels for ceos of large corporations : Do you think that the theory of human capital can be used to explain what seems like excessive pay levels for CEOs of large corporations?

Are revenue expense and with draw all account temporary : Are revenue expense and with draw all account temporary or permanent account. What account are the temporary accounts closed out to before everything is taken to retained earnings.

What are the legal and ethical issues raised by project k : What are the legal and ethical issues raised by "Project K"?- Are there other industries in which similar labor practices exist? What factors drive these practices?

Possible for the labor supply to be kinked : Do you think it would be possible for the labor supply to be kinked? In other words, the labor supply increases to a point (suggesting more labor will be supplied at higher wages) to a point and then decrease (suggesting that after a certain wage..

Analyze impact of cross-border trade on economic development : Analyze the impact of cross-border trade on socio-economic development. Analyze whether or not your selected target country should remain engaged in international trade. Explain why or why not.

How much depreciation will be taken on the equipment : A taxpayer placed 7-year property in service in April 2016. This equipment cost $2,300,000. The taxpayer elects to take the maximum expense allowed under Section 179. This is the only asset purchased in 2016. What is the amount of the 179 deduction o..

User Account

All Pages