Reversing entries are made in the
a. general journal.
b. sales journal.
c. purchases journal.
d. cash receipts journal.
a
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An isolated store location is most suitable to a retailer _____
a. that is a parasite b. that can attract and hold its target market c. with a mass marketing strategy d. with a multiple segmentation strategy
When the GE wind energy business tapped into world-wide talent, it was able to expand using a(n) ________ strategy.
A. unrelated B. diversification C. focus D. generic
Terra Corp. purchased a new enterprise software system and incurred the following costs:Cost of the system$800,000Installation of system5,000Testing of system6,000Initial training of employees9,000What is Terra Corp.'s basis in the software system?
A. $800,000 B. $811,000 C. $805,000 D. $820,000
Price fluctuations can result in what phenomenon?
a. Indirect buying b. Forward buying c. Reverse buying d. Direct buying