After creating a new QuickBooks data file for an existing company and entering all the existing balances, use an opening adjusting entry to move the balance in the ________ account to the Capital Stock account.

A. Opening Balance Equity
B. Uncategorized Expenses
C. Uncategorized Income
D. None of the choices are correct


Answer: A

Business

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When the FASB deliberates about an accounting standard, firms whose financial statements would be affected by that standard

a. are legally barred from lobbying the FASB. b. are not allowed to lobby the FASB if the standard would have a negative impact on their financial statements. c. are not allowed to lobby the FASB if the standard would have a positive impact on their financial statements. d. are free to lobby for or against the standard.

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Which of the following does not belong in the "don't touch" category?

a. England b. Japan c. Middle East countries d. United States

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Threat to established power relationships, threat to expertise, and disruption to cultural traditions or group relationships are all examples of which source of resistance to change?

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