The balance in Retained Earnings at the end of the period is created by closing entries
Indicate whether the statement is true or false
True
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Which of the following is one of the four aspects of emotional intelligence?
A. using a high level of self-awareness B. using emotion to facilitate cognitive activities C. surface acting D. deep acting
Use the following information for questions 1-5:Stan's Surf Shack purchased five surfboards for $200 each. Later it purchased two additional surfboards for $250 each. Stan's sold a total of six surfboards during the period for $350 cash each. The company uses the perpetual inventory system and has not yet accrued any income taxes for the period.Indicate how the event described in the question affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot
Affected = NAStan's pays the income taxes incurred for the current accounting period.AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows??????? What will be an ideal response?
Which of the following is true of the postinterview thank-you letter?
A. It is sent to you by the interviewer to thank you for participating in the interview. B. It creates a bad impression of you as a prospective employee. C. It gives you a second opportunity to "sell" yourself to the interviewer. D. It leads the interviewer to think that you are presumptuous and arrogant.
Which of the following is untrue about a corporation's ratification of an act of an officer?
a. It applies to an authorized act of an officer. b. It relates back to the original transaction. c. It may be either express or implied from the corporation's acceptance of the contract's benefits. d. The corporation must have full knowledge of the facts in order to ratify the act.