An Optional Step in the Accounting Cycle Is the Preparation

question 32

Multiple Choice

An optional step in the accounting cycle is the preparation of

• A) adjusting entries.
• B) closing entries.
• C) a statement of cash flows.
• D) a post-closing trial balance.

---

Definitions:

Jam Signal

A special signal sent to network nodes alerting them that a data collision has occurred.

Peer-To-Peer

A decentralized network architecture where all the participants, or nodes, share part of their resources directly with each other, without going through a centralized server.

Node

A device connected to a network such as a computer, a peripheral (such as a printer), or a communications device (such as a modem).

Communicates Directly

The process where two systems or devices establish a connection without intermediary devices or services.