In the Accounting Cycle, the Last Step Is

question 9

Multiple Choice

In the accounting cycle, the last step is

• A) preparing the financial statements
• B) journalizing and posting the adjusting entries
• C) preparing a post-closing trial balance
• D) journalizing and posting the closing entries

---

Definitions:

Divergent

Thinking or problem solving that involves exploring many possible solutions; often associated with creativity.

Disordered

Characterized by disruption or dysfunction, especially in mental health, leading to distress or difficulty in functioning normally.

Divergent Thinking

An intellectual strategy or technique designed to elicit innovative solutions by considering a wide range of options.

Stapler

A mechanical device that joins pages of paper or similar material by driving a thin metal staple through the sheets and folding the ends.