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Select all of the options that correctly complete this sentence: The difference in revenue and cost of goods sold is often referred to as: O

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Select all of the options that correctly complete this sentence: The difference in revenue and cost of goods sold is often referred to as: O markup gross assets O net assets net liabilities O gross profits gross margin After closing entries are made, indicate whether the account will have a zero balance or will start out the year with a balance that is the same as the ending balance from the previous balance sheet. Has a balance that is the same as the Zero balance ending balance from the previous balance sheet A Prepaid Rent O 0 Unearned Revenue O 0 Service Revenue O 0 Accumulated Depreciation O 0 Retained Earnings O 0 F. Rent Expense O 0 Capital Stock O 0 H Depreciation Expense O 0 Chock Anchor Identify the following accounts as temporary or permanent. Ttemporary Accounts Permanent Accounts A Accounts Receivable Accumulated Depreciation Dividends Paid Rent Expense Unearned Service Revenue Cash Service Revenue . Capital Stock Interest Expense Prepaid Rent What is the result of the adjusting entry to record unearned revenue that has now been earned? O It decreases a liability and increases a revenue. O It decreases an asset and increases an expense. O It decreases a liability and increases an expense O It increases an asset and increases an revenue

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