Revenues and expenses may be transferred to the? ________ account before their final transfer into the Retained Earnings account.
A) Net Income
B) Income Summary
C) Dividends
D) Assets
Answer: B) Income Summary
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Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$530,000? Merchandise inventory, January 1 88,000? Merchandise inventory, December 31 103,000? Accounts payable, January 1 74,000? Accounts payable, December 31 63,000?
A. $618,000. B. $504,000. C. $545,000. D. $556,000. E. $541,000.
In terms of the five characteristics of innovations that affect the rate of adoption, the digital camera would most clearly have a higher degree of ________ than flavored bottled water
A) compatibility B) complexity C) tangibility D) comparability E) trialability
A competency related to soft skills is
A) developing software for measuring employee attitudes. B) statistically analyzing employee turnover. C) being able to accurately interpret other people's emotions. D) conducting an inventory of employee theft.
Pan-European marketing strategies are possible because
A. there is a legally binding code of economic conduct. B. there is a common language advantage among EU consumers. C. there are effective countermeasures for protectionism. D. most companies within the EU are engaging in strategic global partnerships. E. there are fewer regulatory restrictions on transportation, advertising, and promotion.