menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 25
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    Closing the Dividends Account to Retained Earnings Is Not Necessary
Solved

Closing the Dividends Account to Retained Earnings Is Not Necessary

Question 218

Question 218

True/False

Closing the dividends account to Retained Earnings is not necessary if net income is greater than dividends during the period.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q38: Which of the following is an optional

Q213: At March 31, account balances after adjustments

Q214: The following information is for Sunny Day

Q216: Which one of the following is usually

Q217: All revenue and expense accounts have been

Q219: The dividends account is a permanent account

Q220: The adjusted trial balance for Molina Company

Q222: Transaction and adjustment data for Doty Company

Q223: A double rule (double underline) applied to

Q228: The adjustments entered in the adjustments columns

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines