Which of the following accounts is not closed at the end of the accounting period?
A. Sales
B. Purchases
C. Accounts Receivable
D. Depreciation Expense
Answer: C
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[The following information applies to the questions displayed below.] Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $64,000 under terms of 2/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $2,400 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $94,000 cash and delivered under terms FOB destination with freight cost amounting to $1,600. What is the net cash flow from operating activities that results from these transactions?
A. $66,720 outflow B. $94,000 inflow C. $31,280 inflow D. $27,280 inflow
An informal interview is a meeting between you and a professional designed to let you learn about a company, general job requirements, or an industry. _________________________
Answer the following statement true (T) or false (F)
Production, not marketing, should determine what products are to be made.
Answer the following statement true (T) or false (F)
Under the 1990 Remedies Act, the SEC has the power to suspend all trading when markets are excessively volatile
Indicate whether the statement is true or false