The correct order for closing accounts is:

A) revenue, expenses, income summary, withdrawals.
B) revenue, income summary, expenses, withdrawals.
C) revenue, expenses, capital, withdrawals.
D) revenue, capital, expenses, withdrawals.

Answer: A

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The cost method records all transactions in treasury shares at their cost and reprots the treasury stock as a deduction from capital stock only

a. true b. false

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Who introduced the concept of value-chain analysis?

A) Ford B) Toyota C) Porter D) Smith E) Gates

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