Proper nouns should always be capitalized
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The last step in the accounting record-keeping process is:
a. making adjusting journal entries to the accounts to correct errors and to reflect the financial statement impacts of items that occur because of usage or the passage of time. b. preparing the income statement for the period from amounts in the income statement accounts. c. closing the temporary income statement accounts to retained earnings. d. preparing the balance sheet from amounts in the balance sheet accounts. e. preparing the statement of cash flows from balance sheet amounts and from details of transactions affecting the cash account.
Venture capital is the term for what businesses use to do which of the following activities?
a. acquire a business b. expand a business c. spin off a business d. start a new business
All of the following contributed to recent financial crises EXCEPT
A) Relying on the efficiency of financial markets. B) Focusing on earnings instead of cash flow. C) Focusing on the short run. D) Excessive risk taking due to underestimation of risk.
Even after there is an effective ratification, the original action of an agent is still considered as unauthorized
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