What is the major difference between the Unadjusted Trial Balance and the Adjusted Trial Balance?
A) The Adjusted Trial Balance will show the net income (loss) as an additional account.
B) Both will need to be in balance in order to continue with the end-of-period processing
C) The Adjusted Trial Balance includes the postings of the adjustments for the period in the balance of the accounts.
D) The Unadjusted Trial Balance will be used to record the adjustments for the period.
C
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Which of the following is not an advantage of issuing long-term debt?
A) The stockholders do not relinquish any control. B) The interest is tax-deductible. C) The risk of becoming bankrupt is reduced. D) Increased earnings accrue to the stockholders.
Donovan Company had the following cash balances at December 31 . 2014: Cash in banks ........................................ $375,000 Petty cash funds (all funds were reimbursed on December 31 . 2014) ................................. 5,000 Cash in banks includes $125,000 of compensating balances against short-term borrowing arrangements at December 31 . 2014 . The compensating balances are
legally restricted as to withdrawal by Donovan. In the current asset section of Donovan's December 31 . 2014, balance sheet, what total amount should be reported as Cash? a. $380,000 b. $375,000 c. $255,000 d. $250,000
What pricing method may be used if there are several providers in the same market and there is sufficient demand for your product?
A) Demand-based method B) Total cost method C) Cost-plus method D) Competition-based method
In general, the further up the supply chain a company is (or the further they are from the consumer),
A) the greater the distortion of information they receive. B) the smaller the distortion of information they receive. C) the information they receive is more accurate. D) the information they receive is more useful.