By law, closing entries must be made on December 31 of each year

Indicate whether the statement is true or false

F

Business

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In order for a security interest in goods to attach, the

A. Debtor must sign a security agreement which adequately describes the goods. B. Debtor must retain possession of the goods until the underlying debt has been satisfied. C. Creditor must properly file a financing statement. D. Creditor must have given value.

Business

The Amazon Prime program strives to convert casual shoppers into loyal customers. An Amazon Prime customer can be classified as a ________

A) barnacle B) true believer C) stranger D) laggard E) butterfly

Business