Accountant Alan Wingspan Has Just Finished Working on the Balance

question 261

Multiple Choice

Accountant Alan Wingspan has just finished working on the balance sheet,income statement,and statement of cash flows for his company.The next step in the accounting cycle involves:

• A)Posting the results of these statements to the appropriate journal.
• B)Analyzing the firm's financial statements to evaluate the financial condition of the firm.
• C)Conducting forensic tests of the data to ensure its accuracy.
• D)Placing the data used to construct the statements into an archive known as a data warehouse.

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Definitions:

Communications Channels

The mediums through which information is transmitted from one party to another, including verbal, written, and digital platforms.

Distraction

An event or object that draws someone's attention away from the task at hand or their intended focus.

Active Listening

The act of concentrating on the true meaning of what others are saying.

Sensing

The way listeners pay attention to the signals sent from the speaker.