An optional step in the accounting cycle is the preparation of

a. adjusting entries.
b. closing entries.
c. a statement of cash flows.
d. a post-closing trial balance.

Ans: d. a post-closing trial balance.

Business

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The governments' right to control private land is limited by:

a. just compensation clause b. right to privacy c. rational relationships d. none of the above

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________ becomes more important as competition increases. With this type of advertising, a company's objective is to build selective demand

A) Institutional advertising B) Informative advertising C) Reminder advertising D) Not-for-profit advertising E) Persuasive advertising

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