1. Stock Premium and additional paid in capital are not the same. T… 1. Stock Premium and additional paid in capital are not the same. T or F? 2. The closing entry when the result of operation is a net income for a corporation is a credit to retained earnings. T or F? 3. An oral contract of partnership is not considered valid. T or F? 4. not all partners are authorized agent of the partnership. T or F? 5. Dividents are deducted in the retained earnings. T or F? Business Accounting
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