Which of the following best describes a trial balance?
a. It is a required financial statement.
b. It is a financial statement that can be used in place of the income statement.
c. It is a numerical list of all accounts used by a company.
d. It is a tool used to prove the equality of debits and credits in the general ledger.
d
You might also like to view...
When a company declares a stock dividend, which of the following occurs?
a. A liability is created. b. Retained earnings is reduced. c. Stockholders' equity is decreased. d. The financing section of the statement of cash flows is decreased.
What will most likely be the result of using an unplanned approach, in which each employee's pay is independently negotiated?
A. cost control B. dissatisfied employees C. equal pay distribution D. rates that are stable E. easy employment
If a firm wanted to conduct a training session for employees at multiple facilities simultaneously, what type of meeting tool should be used?
A) Conference calls B) Virtual whiteboards C) Webinars D) Idea campaigns E) Telepresence
In a case involving Internet transactions, jurisdiction is proper only when the defendant conducts substantial business in the jurisdiction online.
Answer the following statement true (T) or false (F)