The account most recently posted is determined most efficiently by referring to the
A) Post. Ref. column of the ledger.
B) balance column of the ledger.
C) date column of the general journal.
D) Post. Ref. column of the general journal.
D
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A formal statement of the results of the operation of a business during an accounting period is called a(n)
a. statement of owner's equity. b. balance sheet. c. statement of financial position. d. income statement.
In ________, the basic home-market communications strategy is retained while the product is changed to local use or preference conditions
A) dual extension B) mono adaption C) product extension/communication adaptation D) product adaptation/communication extension
Which of the following is/are not true regarding maintenance?
a. Maintenance includes routine costs such as for cleaning and adjusting. b. Maintenance includes the costs of restoring an asset's service potential after breakdowns or other damage. c. Maintenance does not extend the estimated service life or increase its productive capacity of an asset beyond original expectations. d. U.S. GAAP and IFRS treat maintenance expenditures as expenses of the period when the firm makes the expenditure. e. Distinguishing repairs from maintenance is difficult but typically not necessary because expenditures for both are period expenses.
"How was your day?" Is an example of a (an)
a. rhetorical question. b. probing question. c. closed question. d. open question.