Which of the Following Is Performed Last at the End

question 116

Multiple Choice

Which of the following is performed last at the end of the year?

• A) Prepare adjusting entries.
• B) Prepare an adjusted trial balance.
• C) Prepare closing journal entries.
• D) Prepare a post-closing trial balance.

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Definitions:

Long-Term Rates

Long-term rates usually refer to interest rates or bond yields on long-term debt, indicating the cost or return on investments or loans that mature over a longer period.

Interest Rate Price Risk

The risk that an investment's value will change due to a fluctuation in the absolute level of interest rates.

Corporate Bond

A debt security issued by a corporation to raise funding for capital-intensive activities, paying periodic interest.

Long-Term Bond

A bond that has a maturity period typically longer than ten years, providing the bondholder with interest payments over an extended period.