Which of These Statements Is Not True

question 65

Multiple Choice

Which of these statements is not true?

• A)Asset,liability,and stockholders' equity accounts are referred to as permanent accounts.
• B)Revenue,expense,and dividend accounts are described as temporary accounts.
• C)Temporary accounts are closed at the end of the period to retained earnings.
• D)The balance sheet will not balance until the temporary accounts are closed to retained earnings.
• E)With double-entry,each transaction is recorded twice.

---

Definitions:

Multidomestic Strategy

A multidomestic strategy is a business approach wherein a company tailors its products, marketing, and operations to suit the specific needs and preferences of each country or market it enters, rather than standardizing them across the board.

Decentralization

The process of distributing or dispersing functions, powers, people, or things away from a central location or authority.

Expatriates

Employees assigned from headquarters or another location to work in a foreign market.

Headquarters

The central office or main location where a company's executive management and key administrative functions are located.