Pen ‘n' Ink Stationers has a department that serves retail buyers and another that serves wholesale buyers. This structure is called _________ departmentalization

The explanation of why the net income differs from the change in cash balance for the period is explained in the ________

A) income statement B) balance sheet C) statement of retained earnings D) statement of cash flows

Debit refers to the right side of the T-account, and credit refers to the left side

Indicate whether the statement is true or false