Which of the following accounts might appear in the adjusted trial balance but not in the post-closing trial balance?
A) Depreciation Expense-Equipment
B) Retained Earnings
C) Unearned Revenue
D) Income Summary
A
Business
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A person owns a car, boat and farm land. If a judgement were issued against the person, which of the properties could the lien be placed on?
A. Only the farm land. B. Only the car. C. Only the boat. D. The car, boat and farm land.
Business
Both the profitability index (PI) and net present value (NPV) are based on the present value of all
future free cash flows, but the PI is a relative measure while the NPV is an absolute measure of a project's desirability. Indicate whether the statement is true or false
Business