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The Last Step in the Accounting Cycle Is to Prepare

question 103

True/False

The last step in the accounting cycle is to prepare the financial statements.


Definitions:

Responding

The act of replying or reacting to something.

Speaker

An individual who conveys information or expresses ideas through verbal communication in various settings.

Positive Reinforcement

A method in behavior theory where the introduction of a rewarding stimulus following a desired behavior increases the likelihood of it happening again.

Approval

The act of agreeing with or accepting something as satisfactory.

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