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Helen: Been thinking about our method of recording entries. It seems that it's inefficient.
Roy: In what way?
Helen: Well--correct me if I'm wrong--it seems like we have unnecessary steps in the process. We could very easily develop a trial balance by posting our transactions directly into the ledger and by-passing the journal altogether. In this way we could combine the recording and posting process into one step and save ourselves a lot of time. What do you think?
Roy: We need to have a talk.
Question 1: What should Roy say to Helen?
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A Parent-Subsidiary relationship between companies develops when one company owns greater than 50% of another company's voting stock. Deferred income taxes often result from temporary timing differences in the recognition of revenue and expense items..
Currently 10-year U.S. government Treasury Bills yield 1.82%, 10-year German government securities yield .38%, 10-year French government securities yield .57%, and 10-year Greek government securities yield 9.23%.
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