In the past, creatives designing business-to-business advertisements relied heavily on the verbal element rather than on visuals. In recent years, there has been a shift to using stronger visual elements in business-to-business advertisements

The insurance company does not pay for certain damaged property under an Equipment Breakdown policy. Identify the property.

a. Property of others b. Property of the insured c. Obsolete property d. Building damage caused by a steam boiler explosion

What is the purpose of closing the books?

A) To reset the revenue and expense accounts to zero so that they are ready to record the next period's transactions B) To reset the asset and liability accounts to zero so that they are ready to record the next period's transactions C) To transfer all account activity to retained earnings so that they are ready to record the next period's transactions D) To transfer all account activity to paid-in-capital so that they are ready to record the next period's transactions E) To transfer and reset any account with activity during the prior period to zero