The requires employe - Study guides, Class notes & Summaries
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ACCT-1004S-1-Fundamentals of Accounting-QUESTIONS AND ANSWERS
- Exam (elaborations) • 17 pages • 2022
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Which number is transferred from the income statement to the statement of retained earnings? 
 
 
Answer s: 
 
net income 
 
 
gross profit 
total expenses 
cost of goods sold 
 
Response Feedback: 
 
The net income, or final line of the income statement, is transferred to the statement of retained earnings. 
 
 
 
 
Which opinion from an independent auditor’s report indicates that no opinion is made due to missing information? 
 
 
Answer s: 
 
disclaime r 
 
unqualifi ed 
qualified ...
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COMS 101 quiz 4 Liberty University (GRADED A) Questions and Answers | 100% GUARANTEED PASS.
- Exam (elaborations) • 17 pages • 2021
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COMS 101 quiz 4 Liberty University answers Question 1 1. An organizational pattern that focuses on relationships in time is referred to as: 2. Question 2 3. All of the sub-points in a speech do not have to be logical extensions from preceding points. 4. Question 3 5. The purpose of the conclusion of a speech is to reinforce the thesis statement and bring closure to the message. 6. Question 4 7. A planning outline includes every word you plan to say to your audience. 8. Question 5 9. The notion t...
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