One of the purposes of closing entries is to transfer net income or net loss for the period to the owner's capital account.
Answer the following statement true (T) or false (F)
True
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Examples of personal needs include accomplishment, fun, freedom, and relaxation.
Answer the following statement true (T) or false (F)
The face value is $82,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond at the issue date?
A) $91,561
B) $47,773
C) $43,673
D) $84,788
Employee compensation systems are generally developed and administered by ____, and pay increases and promotions are usually recommended by ____.
A. top management; HRM specialists B. unions; line managers C. HRM specialists; line managers D. top management; unions E. professional HR consultants; HRM staff personnel
Which of the following contract subject matters would not be covered under the UCC?
A) A contract for the sale of a mobile home from the manufacturer B) A contract for the sale of a mobile home from a previous owner C) A contract for the sale of a mobile home plus its lot D) All of the above are under the UCC.