Which of the Following Do NOT Show Up on a Post-Closing

question 150

Multiple Choice

Which of the following do NOT show up on a post-closing trial balance?

• A) Assets and liabilities
• B) Capital and assets
• C) Capital and liabilities
• D) Revenues and expenses

Calculate workers' compensation insurance premiums based on payroll estimates.

Distinguish between the taxes and insurances covered by employers and those covered by employees.

Recognize the role and regulations of federal and state unemployment taxes in employer payroll responsibilities.

Understand the concepts and applications of wage base limits when calculating payroll taxes.

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Definitions:

VA

Often an abbreviation for Veterans Affairs, a government-led organization serving military veterans; can also refer to Visual Acuity, a measure of eyesight clarity.

Hyperopia

A vision condition in which distant objects are seen more clearly than near objects due to the eye's shape causing light rays to focus behind, instead of on, the retina.

IOP

Intraocular pressure, the fluid pressure inside the eye, crucial for eye health assessment.

LPI

Acronym for Laser Peripheral Iridotomy, a medical procedure used to treat narrow angles or angle-closure glaucoma.