________ entries transfer net income or net loss and dividends to the Retained Earnings account.
A) Adjusting
B) Closing
C) General
D) Timely
B) Closing
Business
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What type of account is Partial Billings?
A) asset B) contra asset C) liability D) revenue
Business
Fraud statistics come from all of the following sources EXCEPT:
a. Government agencies b. Researchers c. Insurance Companies d. Victims e. Fraud perpetrator
Business
Other (nonoperating) items follow operating expenses or the subtotal for operating profit. Most firms reporting under U.S. GAAP separately report financing costs, such as
a. principal payments. b. interest revenue. c. interest expense. d. principal receipts. e. none of the above.
Business
In nontechnical writing, writers often write out numbers less than ____________
a. 1,000 b. 500 c. 10 d. 100
Business