1. True___False___ The issuance of Common Stock produces Sales(or Revenue) for acorporation.
2. True___False___ The issuance of Common Stock produces aprofit for acorporation.
3. True___False___ Dollar amounts on a Balance Sheet are validonly for a single date.
4. True___False___ An Income Statement provides informationabout a company’s performance.
5. True___False___ A Journal entry always consists of at leastone Debit and one Credit.
6. True___False___ The Journal provides a chronological recordof a company’s transactions.
