A Post-Closing Trial Balance Will Show

question 117

Multiple Choice

A post-closing trial balance will show

• A) only permanent account balances.
• B) only temporary account balances.
• C) zero balances for all accounts.
• D) the amount of net income (or loss) for the period.

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Definitions:

Psychological Test

A standardized measure of a sample of a person's behavior or mental processes, often used to assess aspects of personality, intelligence, or specific abilities.

Established Standards

Officially recognized criteria or benchmarks that are widely accepted and used for comparison or judgment.

Test-Retest Reliability

A measure of the consistency of a psychological test or assessment over time, indicating the stability of the results upon repeated applications.

Vocational-Interest Test

An assessment tool used to identify a person's preferences and interests in relation to various careers or occupations.