Before the Closing Entries Are Prepared,the Retained Earnings Balance in the Adjusted

question 140

Multiple Choice

Before the closing entries are prepared,the Retained Earnings balance in the adjusted trial balance is equal to the balance of that account:

• A)at the beginning of the period.
• B)after adding revenues and subtracting expenses but before subtracting dividends.
• C)at the end of the period.
• D)at the beginning of the next period.

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