Which of the Following Accounts Will Be Included in a Post-Closing

question 80

Multiple Choice

Which of the following accounts will be included in a post-closing trial balance?

• A) Service Revenue
• B) Interest Payable
• C) Interest Expense
• D) Utilities Expense

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Definitions:

Corporation

A legal entity that is separate from its owners, who own shares in the company and have limited liability.

Controller

A senior executive responsible for the accounting operations and financial reporting of a company.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.

Declare Dividends

Declare dividends refers to the action by a company's board of directors to distribute a portion of the earnings to shareholders, typically in the form of cash or stock.