Oral evidence to "fill in the gaps" of a contract with incomplete terms can be introduced at a trial
Indicate whether the statement is true or false
True
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Typically, the only credit to the retained earnings account for a corporation is
a. the initial investment of all owners. b. net income of the period. c. net loss of the period. d. any withdrawal by the owners.
Kenneth wants to be a master chess player. However, something is impeding his progress toward this goal. Kenneth works hard when he sits down to practice at the chessboard, and is willing to practice for months or years, however long it takes to become a master chess player. The problem seems to be he does not really know what and how to practice to achieve his goal. According to this scenario, what element of motivation is Kenneth missing?
A. energy B. direction C. maintenance D. leadership
When is the adjusted trial balance prepared?
A) Before adjusting journal entries are posted B) After adjusting journal entries are posted. C) After the adjusting journal entries are journalized D) Before the adjusting journal entries are journalized.
Peter Kumar has developed a software application that will reduce costs and increase server speed for corporations of all sizes. Even with this useful application, Peter still needs to develop personal selling skills in order to:
A) understand and write a business plan for his company B) explain his application to potential buyers C) apply for a patent on his application D) maintain the discipline and stamina required to develop such a complicated piece of software E) ensure that only corporate users buy his application