When amounts of a transaction are entered on the left side of an account, they are said to be
A) credited
B) summarized
C) totaled
D) debited
D
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The retained earnings account is closed at the end of the fiscal year
Indicate whether the statement is true or false
Which of the following statements is false regarding forensic accounting?
a. Forensic accounting builds support for legal action against the person committing the fraud by identifying the fraud, calculating the damages caused by the fraud, and building both factual and testimonial evidence of the fraud. b. Forensic accountants rely on sampling of fraud-related documents to accurately measure the cost of the fraud. c. One aspect of forensic accounting focuses on identifying the person who has perpetrated the fraud and having that person confess to the fraud. d. Interviewing is one of the most important forensic accounting skills.
It is simply too much to ask of employers to provide an ideally safe workplace.
Answer the following statement true (T) or false (F)
The rule of thumb on capital structure choices is that
A. debt financing is safer than equity financing. B. debt financing is more expensive than equity financing. C. equity financing is cheaper than debt financing. D. debt financing is less expensive than equity financing.