Multiple Choice
The income summary account
A) is a permanent account.
B) appears on the balance sheet.
C) appears on the income statement.
D) is a temporary account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q84: Correcting entries are made<br>A)at the beginning of
Q85: Which of the following steps in the
Q86: The operating cycle of a company is
Q87: The operating cycle of a company is
Q88: Adjusting entries are prepared from<br>A)source documents.<br>B)the adjustments
Q90: A post-closing trial balance will show<br>A)only permanent
Q91: After the adjusting entries are journalized and
Q92: The adjusted trial balance columns of a
Q93: The income statement for the month of
Q94: A company's operating cycle and fiscal year