Closing entries serve two important purposes: (1) to return the balances in all temporary or nominal accounts to zero to start the next accounting period and (2) to transfer the net income (or net loss) and the dividends of the period to the Retained Earnings account
a. True
b. False
Indicate whether the statement is true or false
True
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The objective of which phase of the buying process is for the buyer not only to have a list of potential suppliers, but to also identify those who are qualified?
A) evaluate proposals and select a supplier B) request proposals C) establish specifications D) search for and qualify potential suppliers
The Uniform Commercial Code and the United Nations Convention of Contracts for the International Sale of Goods both hold that acceptances are effective when they are dispatched.
Answer the following statement true (T) or false (F)
Before using IM or text messaging on the job, be sure you have permission
Indicate whether the statement is true or false
Solutions to problems are ____ ideas.
A. abstract B. tangible C. both a. and b. D. neither a. nor b.