Assuming the results of operations is the same for both companies, which of the following closing entries for a partnership would not be identical to the closing entries for a sole proprietorship?
a. Closing revenues
to Income Summary; b. Closing expenses to Income Summary;
c. Closing Drawing to Capital; d. All closing entries would be the same;
e. No closing entries would be the same.
C
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__________ is the tendency for people with strong prior beliefs, when confronted with a choice, to make their decisions based on their beliefs even if their beliefs are false.
A. Prior-hypothesis bias B. Narrow-minded perception C. Tunnel vision bias D. The curse of knowledge E. Single-vision stereotyping
In spite of having about 45% of the world's known oil reserves, Saudi Arabia and other Middle Eastern countries post current-account deficits, largely because:
A) of poor accounting practices. B) of vast economic diversification. C) they must import most of the goods and services. D) most of the oil is exported. E) new businesses are being developed.
The firm's _______ concerns getting the most out of available resources
a. technology strategy b. market strategy c. learning d. efficiency
Which of the following research techniques is best suited for conducting both qualitative and
quantitative research? A) surveys B) observational research C) focus groups D) ethnographic research