If you want to keep your standard of living as high as possible, which if the following should you do?
a) always use your credit card for purchases
b) make credit card purchases that you know you can pay back within a month
c) get a credit card with a high interest rate
d) apply for as many credit cards as possible

Which of the following statements accurately describes how costs and benefits are calculated?

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.