A company would review the journal if an account balance was needed

Indicate whether the statement is true or false.

Answer: FALSE

Business

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When a firm decides how to conduct a transaction (i.e., economic exchange), "buy" refers to the use of ______ and "make" refers to the use of _____.

A. acquisition, joint venture B. licensing, franchising C. low cost, differentiation D. market, hierarchy

Business

On a balance sheet for a merchandiser, Merchandise Inventory is listed as a(n) ________

A) current asset B) current liability C) expense D) revenue

Business