The closing entry that would be made at the yearend transferring the interest expense of $50 on a note is:
a. Interest Expense 50
Notes payable 50
b. Interest Expense 50
Income Summary 50
c. Income Summary 50
Interest Expense 50
d. Notes payable 50
Interest Expense 50
C
Business
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With strong-form market efficiency,
A) the price of a security in the market reflects all public information only. B) it would not be possible to earn abnormally high returns by trading on private information. C) investors who have access to inside or private information will be able to earn abnormal returns. D) None of the above.
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Neither channel cooperation nor sales potential is maximized in _____ distribution
a. vertical b. intensive c. exclusive d. selective
Business