When a Company Executive Responds to a Question with the Phrase

question 36

True/False

When a company executive responds to a question with the phrase "no comment," it is an example of a denial.

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Definitions:

Increases

The act or process of becoming larger or greater in size, amount, number, or degree.

Posting

The process of transferring the debits and credits from the journal entries to the accounts.

Journal Entries

An accounting action recorded through the logging of debits and credits across accounts, forming the basis for building financial statements and tracking financial transactions.

Debits And Credits

The two sides of accounts in double-entry bookkeeping; debits represent increases in assets or expenses and decreases in liabilities or equity, while credits do the inverse.