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Verbal communication includes: (Select all that apply.)
Adjusting Entries
Journal entries made at the end of an accounting period to update accounts for accruals and deferrals not captured during the period.
Adjusted Trial Balance
A financial statement that shows the balances of all accounts, including those adjusted, at the end of an accounting period.
Post-closing Trial Balance
A list of permanent accounts and their balances after a company has journalized and posted closing entries.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating financial performance.
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