After Finishing a New Construction Project,why Is the First Task

question 3

Multiple Choice

After finishing a new construction project,why is the first task often to install new landscaping around the area?

• A) The plants will provide nutrients for animals that will carry away the soil.
• B) The roots will grow into the slope and work to keep the slope intact.
• C) The plants will add additional weight to the slope and keep it stable.
• D) The roots take in oxygen and release it into the soil to increase surface tension.

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Definitions:

Closing Entries

Transactions noted at the end of an accounting cycle for the purpose of transferring balances from temporary accounts to their permanent counterparts.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Post-Closing Trial Balance

A listing of all balance sheet accounts with balances after closing entries are made, used to verify the equality of debits and credits.

Current Ratio

A financial metric comparing a company's current assets to its current liabilities to assess liquidity.