Which of the Following Changes Has Resulted in the Shifting

question 25

Multiple Choice

Which of the following changes has resulted in the shifting of organizational boundaries?

• A) digitization
• B) increased emphasis on organizational ethics
• C) increased competitiveness
• D) changing security threats

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thus preparing the books for the next period.

Adjusted Trial Balance

An enumeration of every account and its balance following adjustment entries, employed in the development of financial reports.

Retained Earnings

The amount of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Closing Entries

At the conclusion of an accounting period, entries recorded to shift balances from temporary to permanent accounts, effectively zeroing out the temporary accounts for the upcoming period.