Which of the Following Accounts Does NOT Appear on a Post-Closing

question 49

Multiple Choice

Which of the following accounts does NOT appear on a post-closing trial balance?

• A) insurance expense
• B) prepaid rent
• C) accumulated depreciation
• D) retained profits.

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Definitions:

Firm's Backstory

The history or narrative behind a company, explaining its origins, evolution, and the rationale for its existence.

External Analysis

The process of evaluating external factors that could affect an organization's performance, including market trends, competition, and political, economic, social, technological, environmental, and legal factors.

Fanatically Loyal

Describes consumers who are extremely devoted or committed to a brand beyond reason.

Brand's Appeal

is the attractive quality or feature of a brand that draws consumers towards it, influencing their perception and purchase decisions.