The Trial Balance Prepared After All Closing Entries Have Been

question 28

Multiple Choice

The trial balance prepared after all closing entries have been journalized and posted is called the:

• A) Work sheet.
• B) Adjusted trial balance.
• C) General ledger.
• D) Unadjusted trial balance.
• E) Post-closing trial balance.

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Definitions:

Marginal Probability

The probability of an event occurring, regardless of the outcomes of other variables; it is calculated by summing the probabilities of the event across all values of the other variables.

E(X + Y)

The expected value of the sum of two random variables, equal to the sum of their individual expected values.

Covariance

A measure that indicates the extent to which two variables change together, but does not indicate the strength of their relationship.

Independent

Not influenced by or dependent on another variable; in statistics, it often means that the occurrence of one event does not affect the probability of another event.