Adjusting entries are needed:
A. Whenever revenue is not received in cash.
B. Whenever expenses are not paid in cash.
C. Only to correct errors in the initial recording of business transactions.
D. Whenever transactions affect the revenue or expenses of more than one accounting period.
D
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Which of the following is considered an element of nonverbal communication?
A) rate of speech B) active listening phrases C) word choice D) e-mail signature E) posture
In a case in the text involving a used-car dealer accused of fraud, the court of appeals stated that
an "as is" clause in a contract prevents a seller from being liable for fraudulent concealment based on the seller's failure to disclose perti facts to a buyer. Indicate whether the statement is true or false