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When an adjusting entry is made debiting an expense account,the credit can be made to any of the following accounts except
Brokers and Dealers
Individuals or firms in the finance industry that buy and sell securities or commodities on behalf of themselves (dealers) or others (brokers).
Tender Offers
refer to a public proposition by a person or entity to buy shares of a company from its shareholders at a specified price for a certain period, often aiming to gain control of the company.
Proxy Solicitations
The process of requesting the authorization from shareholders to vote on their behalf in company decisions, typically at shareholder meetings.
Sarbanes-Oxley Act
A U.S. federal law aimed at protecting investors from fraudulent accounting activities by corporations, enacted in 2002 in response to major corporate and accounting scandals.
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