Which Types of Accounts Will Appear in the Post-Closing Trial

question 128

Multiple Choice

Which types of accounts will appear in the post-closing trial balance?

• A)Permanent accounts.
• B)Temporary accounts.
• C)Accounts shown in the income statement columns of a work sheet.
• D)None of these answer choices are correct.

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Definitions:

Primary Stakeholders

Individuals or groups directly affected by an organization's operations, including employees, customers, suppliers, and investors.

External Environment

Factors outside an organization that can affect its operation, such as economic, social, technological, and political conditions.

Sustainable Competitive Advantage

A long-term value that a company possesses, making it difficult for competitors to replicate or overcome, ensuring continued business success.

Low-Cost Leader

A company that can produce or offer goods and services at a lower cost than its competitors, often leveraging this advantage to dominate market share.