Data from a trial balance is used to prepare the income statement, statement of retained earnings, and the balance sheet

Indicate whether the statement is true or false


TRUE

Business

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In the context of speed, the _____ of magnetic hard disks is still significantly better than that of CDs and their faster relatives, DVDs.

A. durability B. transfer rate C. reliability D. portability

Business

Which type of account is cost of goods sold?

a. An asset account b. A liability account c. An expense account d. An income account

Business

When a negotiator is trying to discover the intangibles behind the opposing negotiator, they may

A. All of these are ways to discover intangibles. B. ask open questions to get the other party to reveal their intangibles. C. see evidence of the intangible. D. take an observer or a listener with them to the negotiation.

Business

The meaning of undertime is:

A) employees work as usual, but they are paid at a lower rate. B) employees don't have enough productive work for the number of hours that they normally work. C) employees work more than normal hours, but they are not compensated. D) the workweek of some employees is permanently reduced.

Business