Which of the Following Is NOT a Method of Direct

question 69

Multiple Choice

Which of the following is NOT a method of direct selling?

• A)Vending machine
• B)Word-of-mouth
• C)Leasing space at a craft fair
• D)Industrial sales

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Definitions:

Assets

Resources owned by a company that have economic value and can provide future benefits.

Correcting Entry

A journal entry made to amend an error in the financial statements.

Closing Entry

Entries recorded at the conclusion of an accounting period for the purpose of shifting balances from temporary accounts to permanent ones.

Balance Sheet Account

An account displayed on the balance sheet, which includes assets, liabilities, and equity accounts, representing a snapshot of a company's financial position at a specific point in time.