Income statements are often prepared ________

A) monthly for external use and quarterly for internal reporting
B) annually for internal use and quarterly for external reporting
C) monthly for internal use and quarterly for external reporting
D) monthly for internal use and annually for external reporting

Answer: C

Business

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Most research shows that it is easy to develop a highly effective selling team and that a majority of sales teams today are highly effective.

a. true b. false

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Corporate owners receive return ________

A) by realizing gains through increases in share price and interest earnings B) by realizing gains through increases in share price and cash dividends C) through capital appreciation and retained earnings D) through interest earnings and earnings per share

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