The Sales Revenue, Delivery Expense, and Sales Discounts Forfeited accounts will be closed via the ________ account.
A) Income Summary
B) Retained Earnings
C) Dividends
D) Stockholders' Equity
A) Income Summary
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The Fed uses ____ monetary policy to cause the economy to grow faster in the short run. A(n) ____ in the money supply is an example of such a policy.
A. expansionary; decrease B. expansionary; increase C. contractionary; increase D. contractionary; decrease
As postal rates increase, direct-mail advertising is replaced with
A. e-mail. B. billboards. C. telemarketing. D. infomercials. E. radio advertising.
On June 15, 2015, Jupiter Corporation purchased a machine for $50,000 with an estimated useful life of six years and a residual value of $8,000. The company uses units-of-production depreciation and estimates the machine will last 300,000 units. The machine made 15,000 units in 2015 and 45,000 units in 2016. The accumulated depreciation balance on December 31, 2016, after the adjusting entries
have been posted should be A) $8,400 B) $10,000 C) $11,200 D) $13,333
Jill scores low on the personality trait of extraversion. She will most likely
A) be careless about details. B) be agreeable and outgoing. C) have unpredictable mood swings. D) be quiet and reserved in most social settings.