Which of the Following Statements Is True

question 62

Multiple Choice

Which of the following statements is true?

• A)Retained earnings must be closed each accounting period.
• B)A post-closing trial balance should include only permanent accounts.
• C)The work sheet can be substituted for preparing financial statements.
• D)By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts.
• E)Closing entries are only necessary if errors have been made.

Distinguish between the sexual arousal from inanimate objects, body parts outside of genital stimulation, and non-human entities.

Identify behaviors and practices considered paraphilic and the criteria for their classification.

Understand the implications of non-normative sexual interests on individuals' mental health and societal interactions.

Understand the difference between grit, conscientiousness, and other personality traits at a genetic level.

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Definitions:

Disposable Income

Funds permissible for households' usage in saving and spending post the accounting of income taxes.

Disposable Income

The net income available to households or individuals after accounting for taxes, which can be spent on consumption or savings.

Consumption

The use of goods and services by households, one of the primary components that determine the overall level of economic activity in an economy.

Billion

A numerical value represented as 1,000 million (1,000,000,000) in the short scale, commonly used in financial and demographic statistics.