Which of the Following Is the Usual Final Step in the Accounting

question 52

Multiple Choice

Which of the following is the usual final step in the accounting cycle?

• A) Journalizing transactions.
• B) Preparing an adjusted trial balance.
• C) Preparing a post-closing trial balance.
• D) Preparing the financial statements.
• E) Preparing a work sheet.

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Definitions:

Replication

Doing a study again to see if the results hold up. Replications are especially persuasive when done by different researchers in different labs than the original study.

Stability of Results

The consistency of outcomes or findings over time in experiments, studies, or measurements, indicating reliability.

Novel Research

Research that explores new ideas, theories, or approaches, contributing new knowledge to a field.

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