Which of the following account titles would not be debited in the process of preparing closing entries for Andrew's Auto Shop?
A. Income Summary.
B. Fees Earned.
C. Dividends.
D. Retained Earnings.
C
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A court can order that one party must produce its private books and records and then
permit an expert chosen by the other party to examine these documents and prepare a report. This is called A) an injunction B) an accounting C) rescission D) rectification E) an Anton Piller order
A clause that states that a bank can make a major change to the terms of a guarantee as it may see fit and the bank does not have to give notice or get the consent of the guarantor is
A) illegal B) is legal if the bank gives the guarantor notice of the change but their consent is not needed C) is legal only if the bank gets the guarantor's consent D) unenforceable if guarantor has repaid most of the debt already E) a material variation clause