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A zoologist analyzes the jawbones of an extinct mammal and concludes that it was an herbivore. The zoologist most likely came to this conclusion based upon the ________.
Adjusting Entries
Ledger postings concluded during the final phase of an accounting cycle to assign income and costs to their respective periods of occurrence.
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.
Adjusted Trial Balance
A compilation of all accounts along with their balances, post-adjustment entries, employed during the creation of financial reports.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts and prepare the company's books for the next period.
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