The balance of the income summary account of a corporation is transferred to which of the following accounts?
a. Capital Stock; b. Cash; c. Premium on Sale of Capital Stock; d. Retained Earnings; e. Income Tax Payable.
D
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The most time-consuming step in problem solving is generally
A. Identifying the problem. B. Collecting information about the problem. C. Analyzing the information about the problem. D. Identifying solutions to the problem.
The failure by an accountant to use the care of a reasonably competent accountant under the circumstances is:
a. negligence. b. material breach. c. substantial performance. d. fraud.
Consider a local club selling Christmas trees. If demand is normal with a mean of 200 and a standard deviation of 50, how many trees should the club stock if service level must be greater than 95%?
What will be an ideal response?
Which of the following is not a computer crime?
A) Unauthorized use of computer equipment B) Alteration or destruction of computer files C) Entering fraudulent data D) Using computers to convert data E)All of the above are computer crimes.