All of the following statements about the post-closing trial balance are correct except it
a. provides evidence that the journalizing and posting of closing entries have been properly completed.
b. contains only permanent accounts.
c. proves that all transactions have been recorded.
d. shows that the accounting equation is in balance.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “All of the following statements about the post-closing trial balance are correct except it a. provides evidence that the journalizing and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Chelsa manufacturing co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable electric power. total fixed costs are $23,000. at 8,000 units of production, a flexible budget would show a.
Answers (1)
Graphic Designs has 68,000 shares of cumulative preferred stock outstanding. Preferred shareholders are supposed to be paid $1.60 per quarter per share in dividends.
Answers (1)
True or false: A brand that is psychologically appealing to consumers can shift the attitudes of prospective buyers toward certain products or services. True False
Answers (1)
Which of the following is a type of liability? A. A revenue stream B. A liquid asset C. Accounts payable D. Accounts receivable
Answers (1)
What is APPLE target market?
Answers (1)
New Questions in Business
If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?
Answers (1)
All else equal, active retention is a good option for firms: a. That have highly liquid assets b. That do not have a lot of debt c. Whose losses are predictable d. all of the above e. none of the above
Answers (1)
Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs.
Answers (1)
Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively.
No Answers
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?
Answers (1)