When a singular or plural noun does not end in "s," the rule for forming its possessive noun is to add an apostrophe only
Indicate whether the statement is true or false
FALSE
When a singular or plural noun does not end in "s," the rule for forming its possessive noun is
to add an apostrophe and an "s." This is one of the rules for placing the apostrophe in a
sentence correctly.
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For the year ended December 31, a company has revenues of $330,000 and expenses of $202,500. The company paid $55,200 in dividends during the year. The balance in the Retained earnings account before closing is $94,000. Which of the following entries would be used to close the dividends account?
A. Debit Income Summary $55,200; credit Retained earnings $55,200. B. Debit Dividends $55,200; credit Retained earnings $55,200. C. Debit Retained earnings $55,200; credit Dividends $55,200. D. Debit Retained earnings $94,000; credit Income Summary $94,000. E. Debit Income Summary $94,000; credit Dividends $94,000.
According to the authors, dual classes of voting stock are the norm in non-Anglo-American markets
Indicate whether the statement is true or false.
How do management tasks differ for a general partner and a limited partner?
What will be an ideal response?
Collateral may change its form and character during the course of a security agreement
Indicate whether the statement is true or false