Which of the following accounts most likely would not appear in a post-closing trial balance?
a. Retained Earnings
b. Inventory
c. Sales Revenue
d. Common Stock
C
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The comparative balance sheets of Midnite Corp for 2017 and 2016 indicate that short-term trade notes receivable increased from $5,000 in 2016 to $75,000 in 2017 . How will this change be reported on Midnite's statement of cash flows, if Midnite uses the indirect method?
a. It will be included in the amount of cash and cash equivalents at the end of 2017. b. It will be reported as a deduction from net income in the operating activities section. c. It will be reported as a cash outflow in the investing activities section. d. It will be added to net income in the operating activities section.
Assume that a company recorded the following journal entry,Wages Expense4,200? Wages Payable?4,200Indicate whether each of the following statements is true or false with regards to the impact of this journal entry._____ a) Total claims stay the same_____ b) Total assets stay the same_____ c) Total liabilities decrease_____ d) Cash flows from operating activities increases_____ e) Stockholders' equity stays the same
What will be an ideal response?
Firms achieve ________ through efficient procedures and excellent supply chain management.
A. customer loyalty B. locational excellence C. value-based pricing D. operational excellence E. customer excellence
The National Labor Relations Act guarantees employees the right to join unions
a. True b. False Indicate whether the statement is true or false