Which of the following accounts is not closed to Income Summary at the end of the accounting period?
a. Rent Expense
b. Service Revenue
c. Unearned Revenue
d. Supplies Expense
c
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Which of the following is a disadvantage of online marketing research?
A) Internet surveys are heavily affected by interviewer bias. B) A researcher cannot ask follow-up questions. C) It is hard to target lower incidence populations. D) Online data collections are typically expensive.
Generalization is "stronger" when we use larger samples
Indicate whether the statement is true or false
When a physical inventory is conducted in the cost method of accounting, _____
a. additional markups must be calculated b. deductions from retail value must be determined c. the cost complement must be computed d. the costs of each item must be ascertained
Jargon and technical terms must always be used to make a presentation effective
Indicate whether the statement is true or false