Assuming that you wanted to know how to journal this, it would be :
Dec. 31
Debit Credit
Income Summary $ 188,000
Retained Earning $ 188,000
The question above has incomplete statement it lacks certain given choices. with this i made a research about the question and it turns out that the answer of the question in the items that save you money by allowing you to pay a relatively low price for a good or service is comparative shopping.
FOB shipping point
Explanation:
FOB affects the buyer's inventory cost adding liability for shipped goods increases inventory costs and reduce net income.
Answer:
The correct answer is: The firm would present the order to the Options Clearing Corporation.
Explanation:
The Options Clearing Corporation or OCC works under the Securities and Exchange Commission (<em>SEC</em>) and acts as a guarantor and the issuer of options and futures contracts. The OCC is also in charge of clearing transactions for stock indexes, interest rate composites, and foreign currencies.
