Which of the following journal entries is required to close the Income Summary account of a company with a net loss?
a. Debit Income Summary, credit Capital Stock.
b. Debit Income Summary, credit Retained earnings.
c. Credit Income Summary, debit Retained earnings.
d. Credit Income Summary, debit Dividends.
c
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Extraterritoriality is
A. added territory as a result of dispute settlements in wars, such as the Sakalin Islands. B. a nation's attempt to enforce its law beyond its borders. C. a citizen's claim to government assistance in a foreign environment. D. a taxable condition most international firms attempt to avoid.
Which of the following is NOT a type of report regularly presented in organizations?
a. Status reports b. Feasibility studies c. Book reviews d. Investigative reports
Identify the prepositional phrase or prepositional phrases in the sentence. We still have two hours before the deadline
Advertising is paid nonpersonal communication transmitted through mass media.
Answer the following statement true (T) or false (F)