The following are steps to the accounting cycle. Of the following, which step should be done first?
A) Closing entries are journalized and posted to the ledger.
B) Transactions are posted to the ledger.
C) Adjusting entries are journalized and posted to the ledger.
D) Financial statements are prepared.
B
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Some countries officially recognize religious rituals that affect business encounters
Indicate whether the statement is true or false.
Which of the following is true of a common law marriage?
A) Both parties enjoy relaxations in the eligibility criteria in terms of minimum age and emancipation when they marry. B) All the rights and duties of a normal licensed marriage apply to a common law marriage. C) A court decree of divorce is not required to end a common law marriage as there is no marriage license or ceremony. D) The parties involved need not provide proof of cohabitation to establish a common law marriage.
Which of the following is NOT a difference in e-business after the U.S. dot-com meltdown when compared with before the meltdown?
A) less venture capital B) pure-play businesses no longer exist C) company valuations based on potential for earnings and profits D) some state sales taxes
As the number of alternatives that are available for improving office productivity increases, the amount of planning flexibility that is available decreases
Indicate whether the statement is true or false.