Which statement is not correct?
a. the post-closing trial balance reports the ending balance of each account in the general ledger
b. one purpose of preparing the unadjusted trial balance is to ensure that debits equal credits
c. financial statements are prepared based on the unadjusted trial balance
d. the unadjusted trial balance reports control account balances but omits subsidiary ledger detail
C
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Answer the following statements true (T) or false (F)
1. A short-term capacity planning decision is to relocate the plant. 2. A firm might reduce the quality of its output if available capacity is insufficient in the medium term. 3. Capacity decisions are considered strategic as they are heavily regulated by the government. 4. A measure of an organization’s capacity is the size of its market share.
In the communication process, differences in education level, experience, and culture of the sender and the receiver are examples of:?
A) ?synergies. B) ?interferences. C) claims.? D) ?connotations.
An express trust is a trust:
a. established by law through the courts when the parties' conduct seems to warrant the creation of a trust. b. established by voluntary action. c. created only by an oral statement. d. All of these.
Starr Cardio, Inc, is a small business. Ted, Uma, and eleven other members of the Starr family own all of its stock. Currently, Starr's income is taxed at the corporate level and, after being distributed to the family members, at the shareholder level. Can Starr retain its corporate status but otherwise avoid this double taxation? If so, how?