Adjusting Entries Are NOT Used to

question 382

Multiple Choice

Adjusting entries are NOT used to

• A)obtain a proper matching of revenues and expenses.
• B)adjust nominal accounts to zero at the end of the fiscal year.
• C)report an accurate picture of assets, liabilities and equity.
• D)report proper net income and comprehensive income.

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Definitions:

Situation Analysis

Second step in a marketing plan; uses a SWOT analysis that assesses both the internal environment with regard to its Strengths and Weaknesses and the external environment in terms of its Opportunities and Threats.

Marketing Planning Process

A methodical approach to planning marketing strategies and tactics, involving situational analysis, setting goals, defining strategies, budgeting, and monitoring.

Palm Computing Inc.

A pioneering company in the development of personal digital assistants (PDAs) and early smartphones, playing a significant role in the evolution of mobile computing.

CDSTEP Factors

An acronym standing for Cultural, Demographic, Social, Technological, Economic, and Political factors that influence a company's external marketing environment.