Maintaining a "rainy day fund" is another way of making sure you have adequate
A) liquidity.
B) life insurance.
C) property insurance.
D) foul weather gear.
Answer: A
Business
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________ change is made in response to arising problems or opportunities. BP's response to an explosion on a drilling platform in the Gulf of Mexico is an example of this kind of change.
A. radical B. incremental C. proactive D. reactive E. process
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Prepare the journal entry to close the expense accounts. Omit explanation.
An adjusted trial balance for a merchandiser is given below.
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Two method used when accounting for uncollectible accounts are: the direct write-off method and the allowance method
Indicate whether the statement is true or false
Business
Interest on a promissory note is recognized when the note is issued
Indicate whether the statement is true or false
Business