Which One of the Following Is Characteristic of a Base

question 38

Multiple Choice

Which one of the following is characteristic of a base?

• A)produces H₃O⁺ in water
• B)has a sour taste
• C)has a slippery,soapy feel
• D)turns blue litmus red
• E)is insoluble in water

Describe the preparation and purpose of a post-closing trial balance.

Identify which accounts are closed at the end of the accounting period and which are not.

Recognize the sequential order of the accounting cycle's final stages.

Differentiate between the types of accounts that are included in the post-closing trial balance.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.

Intangible

Assets that lack physical substance but are identifiable and provide economic benefits, such as patents and trademarks.

Copyright

A form of intellectual property protection that grants the creator exclusive rights to use, distribute, and replicate their original work.

Exclusive Right

A legal entitlement granting the holder sole permission to perform a specific action or use a particular property.