After posting the closing entries, the balance of the depreciation expense account should agree with the amount shown on the income statement. a. True
b. False

president obama indicates that there are several reasons for the financial crisis. according to the president, one reason is irresponsible practices by financial institutions. the amount of risk involved in newly created investments was high, and few investors or consumers understood this. these types of investments were made possible due to a lack of regulation within the system.

this is right on edge nuity