There are three closing entries. The first one is to close ____, the second one is to close ____, and the last one is to close ____
A) revenues, expenses, dividends
B) expenses, assets, capital stock
C) capital stock, dividends, assets
D) dividends, expenses, assets
A
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If after aging the accounts receivables, it is estimated that $900 will not be collected and the allowance account has an existing debit balance of $200, the adjusting entry would be for the amount of $700
a. True b. False Indicate whether the statement is true or false
Because of _____, a company's nationality is not always obvious.
A. their dispersed operations B. the official language they use C. their stringent laws D. the quality of their products
A customer-management organization deals with individual customers rather than the mass market or market segments
Indicate whether the statement is true or false
A retailer's net profit margin times its asset turnover equals its _____
a. return on assets b. strategic profit model c. return on net worth d. financial leverage