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Nathan Just Moved into a New Apartment and Spent the First

question 39

Multiple Choice

Nathan just moved into a new apartment and spent the first day hanging pictures, putting out souvenirs of important times, and placing favorite objects on the bookshelves. Nathan has relied on what form of nonverbal communication to personalize the new apartment?


Definitions:

Income Statement Accounts

Accounts found on the income statement, including revenues, expenses, gains, and losses, used to calculate net profit or loss for a period.

Post-closing Trial Balance

A list of all company accounts that remain after year-end closing entries have been made, used to verify the balance of debits and credits.

Financial Statements

Structured reports of an entity's financial activities and condition, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Permanent Accounts

Accounts that carry their ending balances over into the next accounting period and are not closed out, such as assets, liabilities, and equity accounts.

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