Generalizing from the Text, Which Loved One's Death Is Most

question 85

Multiple Choice

Generalizing from the text, which loved one's death is most apt to PERMANENTLY change how people think about life?

• A) death of a spouse
• B) a parent's death
• C) death of a friend
• D) a child's death

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Definitions:

Adjustments and Closing Entries

The journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate periods.

Ledger

A book or database in which financial transactions are recorded, organized by account.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Work Sheet

An informal accounting document used internally to compile information for the financial statements and to support adjustments to those statements.