After the Worksheet Has Been Completed, the Next Step in the Accounting

question 96

Multiple Choice

After the worksheet has been completed, the next step in the accounting cycle is to:

• A)prepare the financial statements.
• B)journalize the closing entries.
• C)prepare the post-closing trial balance.
• D)post the closing entries.

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Definitions:

Secondary Circular Reactions

A stage in Piaget's theory of cognitive development where infants repeat actions that are pleasurable or bring about a desirable outcome.

Primary Circular Reactions

Early repetitive behaviors in infants that focus on the body and are instrumental in the development of cognitive processes.

Tertiary Circular Reactions

The stage in Piaget's sensorimotor phase (usually around 12-18 months of age) where infants start experimenting with new behaviors through trial and error.

Coordination

The ability to use different parts of the body smoothly and efficiently together, often important for physical activities and sports.