The entries that transfer the revenue, expense, and dividends balances to the Retained Earnings account to prepare the company's books for the next period are called ________

Aroya likes to talk about the company philosophy and culture to all employees. He considers employees

a) Long-term assets that need development. b) gullible and unintelligent. c) Need challenging goals and frequent feedback.

According to a certain contract, the buyer will be taking the property subject to the existing loan. "Subject to" most nearly means:

A: Both buyer and seller will be liable on the loan; B: The seller has no liability for the loan; C: Only the buyer will be liable for the loan; D: The buyer will not be personally liable for the loan.