The goal of ______ is to generate as many ideas as possible without fear of critique.
a. brainstorming
b. topic selection
c. thesis formulation
d. general purpose formation
a. brainstorming
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Social media channels encourage spur-of-the-moment, "stream-of-consciousness" communication.
Answer the following statement true (T) or false (F)
A management letter is not required
a. True b. False Indicate whether the statement is true or false
On September 1, Kennedy Company loaned $100,000, at 12% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that Kennedy would need to make on December 31, the calendar year-end?
A. Debit Interest Receivable, $12,000; credit Cash, $12,000. B. Debit Interest Expense, $4,000; credit Interest Payable, $4,000. C. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000. D. Debit Interest Expense, $12,000; credit Interest Payable, $12,000. E. Debit Cash, $4,000; credit Interest Revenue, $4,000.
Accounting periods of greater than a year are called interim periods
Indicate whether the statement is true or false