Which of the Following Steps Follows the Recording of a Business

question 49

Multiple Choice

Which of the following steps follows the recording of a business transaction in a journal?

• A) Posting of journal entries to the accounts in a ledger
• B) Preparing a post-closing trial balance
• C) Completing the work sheet
• D) Journalizing and posting adjusting entries

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Definitions:

Ex-dividend Date

The date on which a stock trades without its dividend, meaning that the seller is entitled to the dividend, not the buyer.

Regular Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, out of its profits or reserves on a regular basis, such as quarterly or annually.

Stock Price

The cost of purchasing a share of a company's stock, representing partial ownership in the company.

Cum Dividend

A term indicating that a stock is trading with the right to receive the most recently declared dividend.