After the Closing Entries Have Been Journalized and Posted, but Prior

question 11

Multiple Choice

After the closing entries have been journalized and posted, but prior to the next accounting period, which of the following accounts would have a balance?

• A)Fund Balance--Unassigned
• B)Appropriations
• C)Other Financing Uses
• D)Revenues

---

Definitions:

Operating Activities

Business activities directly related to the production and delivery of goods and services, reflecting the company's core operations.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Publicly Traded

A company is described as publicly traded when its shares are bought and sold on public stock exchanges.