"207.49.159.2" is an example of a(n)

After the closing entries are prepared and posted:

A) all asset accounts will have a zero balance. B) the Retained Earnings account will have the correct ending balance. C) the temporary accounts will have debit balances. D) all liability accounts will have a zero balance.

Privately held corporations can be owned by family members, but they still sell stock publicly

Indicate whether the statement is true or false