List the order in which the balance sheet, statement of retained earnings, and income statement are prepared. Briefly discuss why this order is necessary
What will be an ideal response
The order in which these statements are prepared is income statement, statement of retained earnings, and balance sheet. The income statement is prepared first because net income is needed for the statement of retained earnings. The balance sheet is prepared last because this statement needs the ending balance of retained earnings.
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Which of the following areas of law gives specific rights and remedies for protecting business secrets?
A) Human rights B) Contract C) Fiduciary relationship D) Both B and C E) All of the above
The primary purpose of branding is to
A. identify a product. B. prevent competitors from stealing product ideas. C. enhance package design. D. boost customer satisfaction. E. increase quality.
Which of the following is a benefit of branding from the perspective of the manufacturer?
A. Brands improve a company's image. B. Brands reduce selling time and effort, especially for new products marketed under the same name. C. Brands speed acceptance of new products. D. All these answers are correct.
SEC rules concerning fraud in securities transactions apply to:
A) the issuance or sale of all securities, even those exempted by the 1933 Act. B) only securities registered under the 1934 Act. C) only securities registered under the 1933 Act. D) only publicly traded securities.