Which of the Following Statements Is Correct

question 60

Multiple Choice

Which of the following statements is correct?

• A)Balance sheet accounts are permanent accounts and do not retain their balances from one period to the next.
• B)Balance sheet accounts are temporary accounts and do retain their balances from one period to the next.
• C)Income statement accounts are permanent accounts and do retain their balances from one period to the next.
• D)Income statement accounts are temporary accounts and do not retain their balances from one period to the next.

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Definitions:

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The rhythmic contraction of the heart, pumping blood through the circulatory system to sustain life.

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