Earnings retained in a corporation are recorded by closing the income summary account to the ____________________ account at the end of the period
Fill in the blank(s) with correct word
retained earnings
Business
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If a drawer has a check certified, the drawer is still ____________________ liable for payment of the check
Fill in the blank(s) with correct word
Business
Which of the following will decrease total equity? An increase in:
A) common stock material. B) net income. C) dividends paid. D) interest expense.
Business
Strategic alliances are primarily aimed at enhancing goodwill.
Indicate whether the statement is true or false
Business
________ is the perceived likelihood people have that their efforts will enable them to attain their performance goals.
A. Expectancy B. Instrumentality C. Valence D. Instinct E. Validation
Business