What account appears on the post-closing trial balance?
a. income summary
b. Machinery
c. rent expense
d. interest income
B
You might also like to view...
Which of the following is not one of the principles proposed by Fredrick Taylor to eliminate soldiering?
A. Give workers the training and incentives to do the task properly. B. Carefully select workers with the right abilities for the task. C. Study each part of the task scientifically. D. Reward employees equally and consistently. E. Use scientific principles to plan the work methods.
Martha entered into a contract with Terry, an art dealer. According to the contract, Terry was to supply 18th century artifacts to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha. In this case, the court may order Terry to:
A. substantially perform the contract. B. pay nominal damages. C. specifically perform the contract. D. repudiate the contract.
Which of the following is NOT one of the more commonly used options for cutting project costs?
A. Have owner take more responsibility B. Move the completion date further out C. Outsource project activities D. Brainstorm cost savings options E. Reduce project scope
A statement of cash flows indicates the sources and uses of a firm's cash during a period
Indicate whether the statement is true or false