The Utilities expense account is closed by debiting its balance and crediting Retained earnings

Indicate whether the statement is true or false

FALSE

Business

You might also like to view...

To estimate the accuracy of predicted values, ?, found in bivariate regression, it is useful to calculate the ________, the standard deviation of the actual Y values for the predicted ? values

A) coefficient of determination B) standard error of the estimate C) covariance D) standard error

Business

Martin takes a box of cookies to the cash register at his local Food Mart store. The price on the box is marked $2.99 but when the sales clerk scans the cookies it says $3.49. As a result Martin

A) gets the cookies for free B) only has to pay $2.99 for the cookies C) has to pay $3.49 for the cookies D) will get the cookies for free is Food Mart has voluntarily adopted the Scanner Price Accuracy Voluntary Code set up by the Competition Bureau D) get the cookies for free and a coupon for two more free boxes of cookies

Business