Temporary accounts are also known as _________________ accounts
Fill in the blank(s) with correct word
nominal
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What are the various risks that a company must consider before making a decision to enter foreign markets?
What will be an ideal response?
The ___________________________________ feature allows you to enter additional contacts from the same company without rekeying the company name, address, and telephone number
Fill in the blank(s) with correct word
When products are seasonal or have a limited shelf life, a company is more likely to use a ______.
a. single-period system b. multi-period system c. continuous replenishment system d. periodic review system
Boron Company is authorized to issue 50,000 shares of $50 par value, 8%, cumulative, fully participating preferred stock, and 750,000 shares of $5 par value common stock. Prepare journal entries to record the following selected transactions that occurred during the company's first year of operations: May 5Exchanged 2,200 shares of preferred stock for a building with a market value of $135,000.July 20Sold 1,550 shares of preferred stock for $50 cash per share.Dec. 20Sold 1,000 shares of preferred stock at $52 cash per share.
What will be an ideal response?