Closing entries are not recorded in the combination journal
Indicate whether the statement is true or false
F
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Which of the following would be least likely to indicate potential fraud activity?
a. increased borrowing at one specific bank b. increased numbers of short sales by investors c. increased business with related parties d. increased customer appreciation activities
The drawing account is a temporary account
Indicate whether the statement is true or false
Earth Movers, Inc., uses dynamite to prepare land for highway projects. Strict liability is imposed on this activity because
A. Earth Movers is a corporation. B. the activity is inherently negligent. C. the activity is of a dangerous nature. D. the government pays for highway construction.
Under disability claims, the plaintiff must show that he or she is a qualified applicant with a disability and that adverse action was taken by a covered entity.
Answer the following statement true (T) or false (F)