Closing entries result in the transfer of net income or loss into the Retained Earnings account

Indicate whether the statement is true or false

T

Business

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Which of the following is a distribution system that uses different channels and communication methods to reach and serve a target market?

A) a vertical marketing system B) a horizontal marketing system C) a hybrid marketing system D) a logistics system E) an intensive distribution system

Business

The UCITA provides rules for contracts involving computer information transactions and software and information licenses

Indicate whether the statement is true or false

Business