A list of the accounts and their balances at the end of the period, after journalizing and posting the closing entries, is called ________
A) chart of accounts
B) adjusted trial balance
C) post-closing trial balance
D) pre-closing balance sheet
C
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A firm that is expanding to international markets often adds additional brands to current brands in order to strengthen an international presence, reflecting which strategy?
A) brand extension B) private brand C) flanker brand D) complementary brand
Josh works at a U.S. construction company as a civil engineer. He has been working overseas for the last three years. The hypothetical tax calculated by his company turned out to be less than his actual income tax. In this situation,
A) Josh pays the taxes. B) the employer reimburses Josh. C) under tax equalization, neither Josh nor his employer receives a reimbursement. D) the foreign government reimburses Josh.