Which of the Following Accounts Would Never Appear in the After-Closing

question 104

Multiple Choice

Which of the following accounts would never appear in the after-closing trial balance? (More than one answer may be correct)

• A) Unearned revenue.
• B) Dividends.
• C) Accumulated depreciation.
• D) Income taxes expense.

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Definitions:

Annuity Due

A type of annuity in which payments are made at the beginning of each period, typically used in leases and rental agreements, resulting in higher present value compared to ordinary annuities.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, frequently used in the evaluation of investment opportunities.

Investment

An asset or item acquired with the goal of generating income or appreciation in value.

Outstanding Balance

The amount of money owed on a loan or credit line that remains to be paid off.