Question
1.)The Income Summary account should be closed into the Dividends Net Income Retained Earnings Service Revenue 2.) Assets are listed in the order of their
1.)The Income Summary account should be closed into the
Dividends
Net Income
Retained Earnings
Service Revenue
2.) Assets are listed in the order of their ________ on the balance sheet.
Magnitude
Dates of purchase
Liquidity
Durability
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
