When closing the General Fund and Special Revenue Funds of a state or local governmental unit, the balance of the operating statement accounts and the balances of the budgetary accounts are closed.
Answer the following statement true (T) or false (F)
True
The operating statement accounts and the budgetary accounts are closed at year end.
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We begin by introducing the topic, offering a preview of what’s to come. This done, we go on to discuss the topic, developing it fully. Then, we wrap up with a concluding statement that summarizes the main points and ties the presentation together. This formula is called:
a. the principle of redundancy b. the principle of speaking c. the principle of writing d. the essay writing principle
In the United States, the advertising industry itself encourages honesty in advertising
Indicate whether the statement is true or false
"Getting this new business launched was absolutely a team effort, and clearly a situation of 2 + 2 = 5. Like all of you, I worked a lot harder in this team than I would have alone," said Kayley. Kayley's team members exemplified the social facilitation effect, in which
A. a team member keeps abreast of current developments and informs the team of relevant information. B. teams give direction to the subunits under their jurisdiction. C. team members are so cooperative that agreeing with one another's opinions and refraining from criticizing others. D. individuals work harder when they are members of a group than when they are working alone. E. teams operate separately from the regular work structure. F. ideas become norms.
Fraud as to the nature or essential terms of an instrument is a limited defense not available against a holder in due course
Indicate whether the statement is true or false