After the Worksheet Has Been Completed,the Next Step in the Accounting

question 59

Multiple Choice

After the worksheet has been completed,the next step in the accounting cycle is to

• A) journalize the closing entries.
• B) post the closing entries.
• C) prepare the post-closing trial balance.
• D) prepare the financial statements.

---

Definitions:

Segmentation Attractiveness

The degree to which a market segment is considered desirable for a company to enter based on factors like size, profitability, and accessibility.

Ideal Point

The position at which a particular market segment’s ideal product would lie on a perceptual map.

Point of Parity

Elements of a product or brand that are similar to those of competitors, indicating a level of equality in the consumer's eyes.

Perceptual Map

A Perceptual Map is a visual tool used in marketing to depict consumers' perceptions of brands or products relative to competitors.