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Question 1: Hannah Williams is designing a data-gathering instrument for collecting information to establish the client's goals and objectives. Which of the following is NOT good practice while designing questions for this instrument?
A. Keep the questions simple and easy to answer
B. Use a multiple choice or true-false design of the questions for factual information or where appropriate
C. Use highly technical financial terms in questions for ensuring accuracy
D. Use specific questions for reflecting client's true position
Prepare the closing journal entries for Jones and Mark, Inc and prepare a multiple-step income statement for the year ended December 31, 2015
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Hendricks Corporation purchased trading investment bonds for $59,930 at par. At December 31, Hendricks received annual interest of $2,660, and the fair value of the bonds was $57,000. Prepare Hendricks’ journal entries for (a) the purchase of the inv..
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