The fourth step in the analyzing and recording process is to transfer (or post) entries from the journal to the ________.
What will be an ideal response?
ledger
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A useful tool for understanding and persuading that combines basic analytical thinking with recognition of the special features of the underlying legal system is ________.
A. sociological jurisprudence B. legal reasoning C. analytical reasoning D. legal positivism
Pascal is a buyer for Kelly Benjamin department store in Kentucky. While Pascal was buying visiting California, he found a solar car on sale for $3,000. Pascal contracts to buy the car for Kelly Benjamin, who wants to buy a solar car. Kelly instructs the seller to ship the car. Under these circumstances:
A. Kelly is not liable since Pascal made the purchase. B. Pascal is considered to have ratified the contract. C. Pascal and Kelly are both liable on the contract. D. Kelly is considered to have ratified the contract.
Compensating balances are kept separate from the Cash account balance on the balance sheet
Indicate whether the statement is true or false
The cost complement is an average figure based upon the total cost of merchandise and its total retail value
Indicate whether the statement is true or false