Which of the following entries will be necessary to close the Insurance Expense account at the end of the year?
A) debit Insurance Expense and credit Income Summary
B) debit Insurance Expense and credit Common Stock
C) debit Retained Earnings and credit Insurance Expense
D) debit Income Summary and credit Insurance Expense
D
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The implementation of RFM-based linear programming models allows organizations to group their customers into iso-profit lines
a. True b. False
The workshop participants are divided into groups of three. For learning purposes, each group must be made up of individuals from countries with a similar degree of economic development. Which of the following might be grouped together?
A) Representatives from Bangladesh, Nicaragua, and Zaire B) Representatives from Germany, China, and Sudan C) Representatives from the U.S., China, and Belarus D) Representatives from Sudan, Spain, and France