If the subject matter of a contract is destroyed, the contract is discharged because performance is impossible

Which of the following is the final step in the journalizing and posting process?

A) Posting the accounts to the ledger. B) Identifying each account affected and its type. C) Determining whether the accounting equation is in balance. D) Determining whether each account has increased or decreased.

The highest loss a project can create is called ________

A) rapid prototyping income B) payback income C) maximum investment exposure D) incremental yearly exposure E) cannibalized income