Which of the Following Accounts Showing a Balance on the Post-Closing

question 249

Multiple Choice

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?

• A)Office Equipment.
• B)Accumulated Depreciation-Office Equipment.
• C)Depreciation Expense-Office Equipment.
• D)Retained Earnings.
• E)Salaries Payable.

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Definitions:

Stand-Alone Basis

Evaluation or analysis of a project or company as if it were independent from its parent organization or any other entities.

Mean Return

The average return on an investment over a specified period, used to indicate its expected performance.

Modern Portfolio Theory

An investment theory that shows how risk-averse investors can construct portfolios to optimize or maximize expected return based on a given level of market risk.

Expected Return

The forecasted profit or loss from an investment, considering all possible outcomes and their probabilities.