Which One of the Following Accounts Shows a Balance on the Post-Closing

question 107

Multiple Choice

Which one of the following accounts shows a balance on the post-closing trial balance?

• A)Interest Expense
• B)Service Revenue
• C)Retained Earnings, beginning of the year
• D)Common Shares

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Definitions:

Intoxicated Person

An individual whose mental and physical capabilities are significantly impaired due to substances like alcohol or drugs.

Ratification

The act of officially confirming or endorsing a previously unauthorized agreement or action.

Express

Clearly and directly stated, leaving no room for doubt or ambiguity.

Implied

Not directly expressed or stated but understood in the context of the situation or agreement.