The Income Summary account is credited in the entry that closes
a. expense accounts.
b. revenue accounts.
c. the Dividends account.
d. net income.
B
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Describe at least three attributes of an effective report
A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:
A. An increase in cash flows from financing activities B. A decrease in cash flows from investing activities C. A decrease in cash flows from operating activities D. A decrease in cash flows from financing activities E. An increase in cash flows from investing activities
Evan made an imitation Nike running shoe that can sell for $25.00. It is impossible to tell it from the original. The technical name in tort for the remedy that Nike would have against Evan is
A) Injurious falsehood B) Passing off C) Inducing breach of contract D) Conversion E) Misleading advertising.
Which of the following statements is true about women in the United States?
A. Women are overrepresented in agriculture and underrepresented in education and health services. B. Working mothers in the U.S. are less committed than men to their work. C. Asian American women earn the most, relative to men, whereas Hispanic women earn the least. D. Today, women constitute less than 15 percent of the U.S. workforce.