The Information Needed in Journalizing the Closing Entries Is Obtained

question 69

Multiple Choice

The information needed in journalizing the closing entries is obtained from the

• A) accounts receivable ledger.
• B) adjusting journal entries.
• C) work sheet.
• D) balance sheet.

Understand the concept and application of selective optimization in aging.

Comprehend the principle of cross-modal transference and its implications.

Differentiate between types of tests (achievement, aptitude, developmental, intelligence) and their purposes.

Identify and appreciate the significance of educational settings, such as the least restrictive environment for children with special needs.

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Definitions:

Estoppel

A legal principle that prevents someone from arguing something contrary to a claim they have previously made or accepted by their actions.

Apparent Authority

A situation where a reasonably prudent person would understand that an agent had the authority to act, even if the agent didn't have actual authority.

Purported Principal

An entity or individual represented as having granted authority to another, whether or not such authority actually exists.

Disclosed Principal

A principal whose identity is known by the third parties with whom the agent enters into contracts on behalf of the principal.