The Post-Closing Accounting Equation Is

question 31

Multiple Choice

The post-closing accounting equation is:

• A)assets = liabilities + common stock + Retained Earnings - dividends.
• B)assets = liabilities + common stock + Retained Earnings.
• C)assets = liabilities + Retained Earnings + revenues - expenses.
• D)assets = liabilities + Retained Earnings - dividends.

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Definitions:

Slope

A measure of how steep a line or curve is. The slope of a line is measured by “rise over run”—the change in the y-variable between two points on the line divided by the change in the x-variable between those same two points.

Absolute Value

The value of a number without regard to a plus or minus sign.

Horizontal Change

Alterations or movements that occur parallel to the x-axis in a coordinate system, often reflecting changes over time.

Opportunity Cost

The cost of the next best alternative foregone when a decision is made.