Adjusting Entries are:
A. not required.
B. will always affect cash.
C. updating entries for previously unrecorded expenses or revenues.
D. corrections of errors.
Answer: C
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a. prevention, appraisal, failure b. planning, action, feedback c. prevent, act, feedback d. planning, appraisal, feedback
A wholesale manufacturer gets a retail outlet for its goods through a merger. This is a horizontal merger
Indicate whether the statement is true or false
Ethical decisions based on whether or not an activity is legal or not is based on the _____ theory
A) positive B) negative C) relativism D) fairness
Which phase of the plan-protect-respond cycle takes the largest amount of work?
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