Which of the following steps of the market screening process involves examining the cost of transporting goods?

A merchandiser uses a perpetual inventory system. The third step in the process of closing the accounts of a merchandiser is to ________

A) make the revenue accounts equal to zero via the Income Summary account B) make the Income Summary account equal to zero via the Dividends account C) make the expense accounts equal to zero via the Income Summary account D) make the Income Summary account equal to zero via the Retained Earnings account

Legislatures in India are suspicious about Walmart's motives in going to India, since they fear the foreigners will raise prices after they have driven small operators out of business

Indicate whether the statement is true or false