Net income from the income statement increases ____________________
Fill in the blank(s) with correct word
retained earnings
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The key concept to an ERP system is a central site for all the data of an organization
Indicate whether the statement is true or false
The consolidation of AB Corporation and ZX Corporation requires the affirmative majority vote of:
a. the boards of directors and shareholders of both corporations. b. the boards of directors of both corporations, but not the shareholders. c. the shareholders of both corporations, but not the boards of directors. d. the directors and shareholders of one of the corporations, but not both corporations.
Burlington offered its customers a reduction in price on some clothing items that were slightly faded from being in the window at the front of the store. This reduction is called a
A. cost of goods sold. B. sales allowance. C. sales return. D. sales discount. E. sales bargain.
Acceleration clauses in the note or mortgage are void
Indicate whether the statement is true or false