Advantages of using credit include the ability to make purchases without cash and the convenience of not carrying checks

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Prior period adjustments can either be added or subtracted in the Retained Earnings Statement.

a. true b. false

Business

A ________ is a set of interdependent organizations that help make a product or service available for use or consumption by the consumer or business user

A) product line B) product delivery network C) marketing channel D) consumer base E) resource bank

Business