Unrealized Loss-Equity and Unrealized Gain-Equity Are Permanent Equity Accounts

question 140

True/False

Unrealized Loss-Equity and Unrealized Gain-Equity are permanent equity accounts.

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Definitions:

Categorical Proposition

A declaration that affirms or refutes a fact for all elements within a group.

Universal Negative

A logical statement in the form of "No S are P," denying that any members of one set are members of another set.

Proposition

A formal statement put forth for consideration, often in logic or mathematics, that can be either true or false.

Form

In logic and philosophy, the structure or pattern that an argument or expression follows, abstracting away from the content.