Accountant Alan Wingspan Has Just Finished Working on the Balance

question 142

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 will involve:

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

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