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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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
