List the four basic types of accounts that require adjusting entries and give an example of each


1. Prepaid expenses or deferred expenses - Prepaid insurance is a common example.
2. Unearned revenues or deferred revenues - An attorney's retainer is a common example.
3. Accrued revenues or accrued assets - Accrued interest on a notes receivable is a common example.
4. Accrued expenses or accrued liabilities - Accrued wages owed to employees at the end of a period is a common example.

Business

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A(n) ____________________ is a grant by the federal government to an inventor giving the exclusive right to produce, use, and sell an invention for a period of twenty years

Fill in the blank(s) with correct word

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Information gathered from social media is used to ________

A) understand the market B) answer clients' concerns C) connect to consumers and potential participants D) conduct online research E) all of the above

Business

______ is necessary in order to implement change.

a. Exploration b. Commitment c. Resistance d. Denial

Business

If Joe experiences success in a difficult situation, his perception of his self-efficacy will tend to:

a. improve b. be undermined c. suffer d. not be impacted

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