Transactions are listed in the journal chronologically
Indicate whether the statement is true or false
True
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Costco's surprise offerings of seconds, overstocks, and closeouts—occasionally including diamonds—is an example of how a retailer can differentiate itself through its ________
A) merchandise mix B) services mix C) destination retailing D) store atmosphere E) level of service
The balance of payments (BOPs) is a record of a country's transactions with only its major trading partners.
Answer the following statement true (T) or false (F)
Adjusting journal entries are made at the end of the period when:
A) the cash basis of accounting is used for all accounting periods. B) cash receipts and payments occur before or after the point in time when revenues and expenses should be recognized under the accrual basis of accounting. C) management reports its adjustments on the statement of cash flows. D) the company reports revenue in the same period cash is collected.
Which of the following is NOT a technique for achieving coherence?
a. Repeat a word used in a preceding sentence. b. Use a pronoun to represent a noun from the preceding sentence. c. Use connecting words. d. Use active voice.