Which of the following events would not require an end-of-year adjusting entry?
A. Providing services on account
B. Purchasing supplies for cash
C. Paying for one year's rent on July 1
D. Each of these answer choices would require an end-of-year adjustment
Answer: A
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Risk that can be eliminated by diversification is
A. idiosyncratic risk. B. market risk. C. default risk. D. interest-rate risk.
Which of the following is the BEST introduction of a product or service in a sales message?
a. Feel the warmth of the sun and the rush of the wind as you cruise through town in your new Trinity convertible. b. This is your year to buy a new car, and we can help. c. Wow...do we have the car for you! d. The Trinity convertible has the power and style that few others can offer.
Which of the following sentences about jargon is most accurate?
A) Jargon should never be used in business writing. B) Jargon is generally understood by both insiders and outsiders within a field. C) Effective business communicators know to include some jargon within any message to demonstrate their intelligence and command of the English language. D) Jargon should be used only when the audience will understand it.
For inventories, market value generally means the current replacement cost
Indicate whether the statement is true or false