Another term for the balance sheet is the income statement

Some countries reverse engineer pharmaceutical products ________

A) because they know that generic products are inherently better than branded products B) to lower the cost of certain drugs to the domestic market C) as a way to charge higher prices in domestic markets D) to comply with international patent laws

Closing entries for a company that sells inventory items is the same as a company that sells services

Indicate whether the statement is true or false.