Question
8.)Cost of Goods Sold is a ________________ account and is increased with a ___________________. A.Temporary / nominal (closes out at the end of the year)
8.)Cost of Goods Sold is a ________________ account and is increased with a ___________________.
A.Temporary / nominal (closes out at the end of the year)
B.Real / permanent (does not close out at the end of the year)
C.Debit
D.Credit
E. Both A and D
F.Both A and C
G.Both B and C
H.Both B and D
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Corporate Finance
Authors: Richard A Brealey, Stewart C Myers, Franklin Allen
8th Edition
0073130826, 9780073130828
