Answer:
B. charging a retainer fee
Explanation:
Investment advisers are prohibited from doing all of the following except for charging a retainer fee. A retainer fee is an specific amount of money that the client pays to the professional upfront so that his/her services are secured and always available when needed. Investment Advisers can charge this fee so that the client's can always get their service as soon as it is needed.
Commodity self refers to one's own subjective identity arising from the commodities (goods or services) one purchases and uses.
Ex. You wear clothes that make you popular and the only thing people know you for is "your style "
People pay sales income tax.
Explanation:
Sales income tax can be computed in various methods.
Sales income is the revenue derived from the sales of goods and services. This is made most of the time through Value Added Tax System VAT.
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The rate of return being offered by banks on money market accounts is 3% and increasing. the situation might happen to this case is the federal reserve increase fund rate and therefore the overall rates of the economy.
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Answer: C) journalized in the general journal.
Explanation: Closing entries are the journal entry that is done in the accounting field in manual manner.The entry is done to move the temporary accounts into the permanent accounts. They are made at the completion of the accounting time in general journal .
Other options are incorrect because it is a necessary task to do in accounting field. It is not shifted from ledger account towards worksheet and it doesn't end the real account.Thus, the correct option is option(C).
