The four steps of the closing process for merchandising company are:
1) Close revenue account to income summary
2) Close expense account to income summary
3) Close income summary to retained earnings
4) Close dividends to retained earnings
These steps are important to making sure the businesses finances are accurately recorded.
China and America the largest global business opportunities for the next decade
Answer:A. Safe Bank
B. No
Explanation:
Safe bank did the filling before One Time credit, moreover One time is expected to do a check on Tyler credits background before giving out the loan.
The taken over of the collateral will not change the answer, because it's the filling that is more important than taken possession of the collateral.
The answer is false. There are a lot of ways and best methods of maximizing profitability but cutting cost is not the best method because it will likely minimize the profit because the cost are being cut down. That is why the answer would likely be false because it is not the best method.
8 C, 11 B, 13 D, 14 B, 20 B
