Globe Links Inc, a multinational conglomerate is pursuing expansion into South America. They have recently hired Diego to head the project. Diego speaks English, Spanish, and Brazilian Portuguese fluently, and has extensive experience in international management. What type of synergy is this move likely to create?

The objective of the audit of GAAP-based financial statements is to

a. Make suggestions as to the form or content of the financial statements or to draft them in whole or in part b. Express an opinion on the fairness with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles c. Ensure adoption of sound accounting policies and the establishment and maintenance of internal control d. Express an opinion on the accuracy with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles

Which type of account is always debited during the closing process?

a. Dividends. b. Expense. c. Revenue. d. Retained earnings.