Which of the following is NOT a closing entry?
a. Retained Earnings Dividends
b. Service Revenue Income Summary
c. Salaries Payable Income Summary
d. Income Summary Rent Expense
Ans: c. Salaries Payable Income Summary
Business
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The tendency of individuals to put forth less effort when they work with groups than when they work alone is known as social ______.
-individualism -loafing -inadequacy -dependency
Business
The more positive the degree of correlation between two assets, the greater the risk reduction when the assets are combined
Indicate whether the statement is true or false.
Business