A _ merger occurs between two firms that had been doing business in different stages of the production process in a given industry
a. conglomerate
b. vertical
c. diagonal
d. horizontal
B
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The entries that transfer the balances of the temporary owner's equity accounts to the permanent owner's equity account are called
a. adjusting entries. b. closing entries. c. reversing entries. d. general journal entries.
______ refers to the principle that your main points should be relatively equal in importance, whereas ______ refers to the idea that you should have supporting ideas that underlie your main points.
a. Subordination; coordination b. Coordination; subordination c. Equality; support d. Support; equality
In a statement of cash flows, payments to acquire bonds or mortgages of other entities should be classified as cash outflows for
a. lending activities. b. operating activities. c. investing activities. d. financing activities.
The most widely held form of health care coverage is employer-provided group insurance
Indicate whether the statement is true or false.