Answer the following statements true (T) or false (F)
Accounting for post-retirement benefits is very different from pension accounting.
ANSWER: F
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What is the downside of the personalized characteristic of new media theory?
a. Not everyone has the design expertise to create a good-looking social media page. b. Individuals can insulate themselves from people with different points of view. c. New media build routines with their users by giving them the information they want, how and when they want it. d. Individuals may use new media to access only entertainment and miss out on important national and world events.
If a business has a Fees Earned account with a balance of $40,000 and a Commissions Earned account with a $50,000 balance, the closing entry needed to close these accounts will require a journal entry that will:
a. debit the Income Summary account for $90,000. b. credit the Income Summary account for $90,000. c. credit the Commissions Earned account for $40,000. d. credit the Commissions Earned account for $50,000. e. credit the Income Summary account for $40,000.
Moral idealism refers to
A. a personal moral philosophy that considers individual rights or duties as universal, regardless of the outcome. B. a democratic consensus of moral principles and laws that govern the behavior of individuals based on legislation adopted at the federal, state, and local levels. C. a societal moral philosophy based on the Golden Rule of the Judeo-Christian ethic embodied in the U.S. Constitution's Bill of Rights. D. a formal statement of ethical principles and rules of conduct. E. a personal moral philosophy that focuses on the greatest good for the greatest number by assessing the costs and benefits of the consequences of ethical behavior.
Analytical databases are created for the analysis of one or more specific business subject areas, such as sales, returns, cost, or profit
Indicate whether the statement is true or false