The Securities Exchange Act made full disclosure unnecessary as a measure to protect the privacy of the transacting parties

Journalizing a transactions involves ____.

a. preparing a summary of account balances b. posting the account balances in the chart of accounts c. recording the data only in the journal d. calculating the balance in an account using journal entries

Which of the following is an example of trade promotion?

A) manufacturers offering regular value-for-money deals to attract thrifty and value-conscious customers B) salespeople engaging in door-to-door selling activities C) manufacturers offering free merchandise to resellers who feature a certain flavor or size D) advertisers claiming that a certain product is the best in the market E) marketers selling specialty products to a small segment of customers with unique preferences