Which of the following could not possibly be a closing entry?
A) Debit Income Summary and credit Retained Earnings
B) Debit Income Summary and credit Dividends
C) Debit Retained Earnings and credit Dividends
D) Debit Retained Earnings and credit Income Summary
B
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The expense for other postretirement benefits, such as health care benefits, dental benefits, and eye care benefits, currently is accounted for
A) on an accrual basis. B) on a cash basis. C) on either a cash basis or an accrual basis; both methods are acceptable. D) by footnote disclosure only.
In what way are global demographic workforce trends shifting?
a. There is an increased need for higher skilled employees. b. Women are moving in and out of the workforce multiple times during the child bearing/child rearing years. *c. People are working longer. d. Men are dropping out of the labor force to become family caregivers.
Martha feels like she has made several breakthroughs in her expatriate assignment to Iceland. She has learned several new ways to get things done and has settled into the daily rhythm of life in the country. Martha is at the ______ stage of the cycle of adjustment to the foreign environment.
A. mastery B. adjustment C. honeymoon D. culture shock
An investing company that owns more than ________ of another (investee) company's voting stock is presumed to have controlling influence over the investee.
What will be an ideal response?