menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 4: Income Measurement and Accrual Accounting
  5. Question
    ____________________ Is the Name Given to Revenue,expense,and Dividend Accounts Because
Solved

____________________ Is the Name Given to Revenue,expense,and Dividend Accounts Because

Question 58

Question 58

Short Answer

____________________ is the name given to revenue,expense,and dividend accounts because they are closed at the end of the period.

Correct Answer:

verifed

Verified

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

Related Questions

Q53: For each of the following sentences

Q54: Barker Corp.began operations on November 30,2017,and immediately

Q55: For each of the following sentences

Q56: As a general rule,revenue is recognized at

Q57: Failure to record the supplies used during

Q59: What effect does recognizing revenue at the

Q60: Morgan Realty reported the following accounts

Q61: All financial statements are prepared using the

Q62: Expense accounts are closed or zeroed out

Q63: A company that forgets to recognize depreciation

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