Which of the Following Is the Usual Last Step in the Accounting

question 199

Multiple Choice

Which of the following is the usual last step in the accounting cycle?

• A)Preparing the adjusted trial balance.
• B)Preparing the financial statements.
• C)Preparing a post-closing trial balance.
• D)Preparing an unadjusted trial balance.

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Definitions:

Structuralist

In economics, refers to a theory focusing on structural impediments to economic development, emphasizing the need for comprehensive reforms to overcome these barriers.

Antitrust Law

Legislation enacted to prevent monopolies, promote competition, and guard against anti-competitive practices in the marketplace.

Market Shares

Describes the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Laissez-faire Antitrust

An approach to antitrust policy that minimizes government intervention in the market, based on the belief that markets should regulate themselves.