The Income Statement determines the _______ of the firm.

A. value

B. profitability

C. worth

D. ownership

Which of the following is the purpose of Closing Entries?

A. Determine total revenue

B. Determine firm profitability

C. Determine total costs

D. Determine total sales

Which of the following would make the best thesis statement for a persuasive essay?

A. With all the other issues they handle, how are schools going to manage student cell phone use?

B. Schools must devise a plan to give students cell phone time yet control their use during classes.

C. Student cell phone ownership and use in schools has now become a fact of life.