Under the periodic inventory system, which of the following amounts will always stay the same regardless of the inventory valuation method used?
A) ending merchandise inventory
B) cost of goods sold
C) gross profit
D) net purchases
D) net purchases
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Which is a source of cash?
a. increase in inventory b. decrease in bonds payable c. decrease in accounts payable d. decrease in accounts receivable e. increase in prepaid assets
To comply with the SEC's overriding concern for investors, what are public relations practitioners allowed to do?
A) trade on insider information in unusual circumstances B) act only on public information when trading securities C) selectively provide historic stock information to investors D) can provide material information to celebrities before the general public
Define "high-contact service."
What will be an ideal response?
The balance in the unearned fees account, before adjustment at the end of the year, is $10,250 . Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,125