The order of the steps in the accounting cycle includes:
a. Adjusted trial balance, financial reports, adjusting entries, trial balance
b. Adjusted trial balance, adjusting entries, financial reports, trial balance
c. Trial balance, adjusting entries, adjusted trial balance, financial reports
d. Trial balance, financial reports, adjusting entries, adjusted trial balance
c. Trial balance, adjusting entries, adjusted trial balance, financial reports
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The exchange of goods and services directly without money is called:
a. creative destruction. b. barter. c. arbitration. d. currency trade. e. illegal trade.
The maximum amount of other goods and services that people are willing to give up in order to get one more unit of a good is defined as the good's
A) marginal benefit. B) total benefit. C) marginal cost. D) total cost. E) price.