Which of the following statements is true?
A) Retained earnings must be closed each accounting period.
B) A post-closing trial balance should include only permanent accounts.
C) The work sheet can be substituted for preparing financial statements.
D) By using a work sheet to prepare adjusting entries you need not post these entries to the
ledger accounts.
E) Closing entries are only necessary if errors have been made.
B) A post-closing trial balance should include only permanent accounts.
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The following items were reported on the balance sheets and income statement for the Flying Mullet Company: Accounts receivable, December 31, 2016 $ 85,000 Accounts receivable, December 31, 2017 98,000 Sales—2017 750,000 How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under the indirect method?
a. As an addition to sales b. As a deduction from sales c. As an addition to net income d. As a deduction from net income
Maslow's theory is that human needs are arranged in a hierarchy and that an individual must secure his or her most basic needs before tying to realize higher-order needs
Indicate whether the statement is true or false
Briefly explain a business network
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. One caution is that Rawl’s principles can only be applied to democratic societies. 2. Taking a pragmatic approach is inflexible. 3. One caution of altruism is that the extent of obligations is a little too clear. 4. Caregivers can get caught up in empathy and deny their own needs.