Which of the following statements are true? a. Balance sheet accounts are temporary accounts and do retain their balances from one period to the next.
b. Balance sheet accounts are permanent accounts and do not retain their balances from one period to the next.
c. Income statement accounts are temporary accounts and do not retain their balances from one period to the next.
d. Income statement accounts are permanent accounts and do retain their balances from one period to the next.

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

The adjusted trial balance for china tea company at december 31, 2018, is presented below:

Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec