The income summary account is also known as the clearing account
Indicate whether the statement is true or false
True
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Use the information below for Focal Point Corp for 2016 and 2017 to answer the following question. Retained earnings, December 31, 2016 $300,000 Retained earnings, December 31, 2017 345,000 Dividends payable, December 31, 2016 19,000 Dividends payable, December 31, 2017 29,000 Net income—2017 150,000 Assume that there were no retained earnings transactions other than those dealing with
dividends and net income. How much dividends did Focal Point declare during 2017? a. $95,000 b. $105,000 c. $140,000 d. $150,000
How does virtue ethics differ from deontology?
a. It is habit- and action-based instead of rule-based. b. It allows for more emphasis on self-interest. c. It is ends-based instead of rule-based. d. It takes into consideration the welfare of all individuals, not just the majority.
A key strategy to effectively market to teens is to engage them through promotions that get them involved
Indicate whether the statement is true or false a. True b. False
During the ________ phase of the phase-gated process questions such as, "Are resources needed identified and available?" and "Are tasks sequenced and is a time-phased budget established?" are addressed.
Fill in the blank(s) with the appropriate word(s).