Information needed in journalizing the first three closing entries is obtained from which of the following work sheet columns?

a. Trial Balance
b. Adjustments
c. Adjusted Trial Balance
d. Income Statement


d

Business

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Discuss what is involved in creating test data

Business

Answer the following statements true (T) or false (F)

1) In a period of rising costs, the last-in, first-out (LIFO) method results in a higher cost of goods sold and a lower net income than the first-in, first-out (FIFO) method. 2) Given the same purchase and sales data, and assuming the cost of inventory is rising, the costing methods for inventory will result in different amounts for cost of goods sold. 3) Given the same purchase and sales data, and assuming the cost of inventory is rising, the costing methods for inventory will result in different amounts for sales revenue. 4) Given the same purchase and sales data, and assuming the cost of inventory is rising, the costing methods for inventory will result in different amounts for net income.

Business

When individuals differ in the interpretations of emotional events it is called ______.

A. convergent linkage B. divergent linkage C. complementary linkage D. group mood

Business

LEED certification is used for what type of object?

a. Water b. Food c. Buildings d. Toys

Business