Which of the following accounts is a temporary account?

a. Cash
b. Income Summary
c. Prepaid Rent
d. Accumulated Depreciation--Truck
e. Prepaid Insurance


b

Business

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Companies are implementing open information systems that can be linked to other systems owned by business partners such as suppliers and clients.

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

Business

A debtor may rescind a contract under the Truth in Lending Act:

A. within 30 days after the purchase on credit. B. only if the debtor's home is used as collateral. C. by way of oral notification to the creditor. D. only in the instance of a first mortgage on a home.

Business

Dimensions of tangible product quality can include ______.

a. packaging b. empathy c. reliability d. price

Business

The most effective way to achieve financial objectives is through personal financial planning.

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

Business