There are four closing entries. The first one is to close ____, the second one is to close ____, the third one is to close ____, and the last one is to close ____
A) Revenues, expenses, income summary, drawing account
B) Expenses, assets, income summary, capital account
C) Capital account, drawing account, income summary, assets
D) Drawing account, income summary, expenses, revenues
A
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A corporation whose stock is traded on a stock exchange is called a(n)
A) foreign corporation. B) open corporation. C) domestic corporation. D) closed corporation.
Which of the following exemplifies the observable artifact category of physical structures?
A. the label on every can of Primal Urge Dog Food that is emblazoned with the words: "We love dogs, and we put that love into all of our products" B. the elaborate, marble-floored conference room where Bull and Bear Wealth Management Partners conducts meetings with its top clients C. the HR supervisor for Double-Dipped Donuts who tells all new employees how the founder came up with the name of the company after accidentally glazing the same donuts twice D. the annual holiday party thrown by Party Planner Professionals that also serves as a hands-on demonstration of the coming year's product line E. the group meeting held every Monday morning at Coastal Coffee Roasters where the CEO has every employee sample a cup of that week's featured roast
Volos Company (a calendar-year corporation) began operations in March of 2017 and was not profitable through December of 2018. Volos has been profitable for the first quarter of 2019 and is trying to determine its first quarter estimated tax payment. It will have no estimated tax payment requirement in 2019 because it had no tax liability for the 2018 tax year and has been in business for at least 12 months.
Answer the following statement true (T) or false (F)
Set forth when a monopolist has a duty to deal with its rivals and the four elements considered in determining such a duty