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Vesnalui [34]
3 years ago
8

Financial statements can be prepared directly from thea. adjusted trial balanceb. reversing trial balancec. trial balanced. post

-closing trial balancee. All of these are correct
Business
1 answer:
Art [367]3 years ago
4 0

Answer:  Post closing trial balance

Explanation: Post closing trial balance can be used to prepare financial statements directly.

After the closing entries have been passed and journalized on all accounts, their balances are recorded on the post closing trial balance. It is the last step in accounting cycle.  

It contains balances of all accounts thus it can be concluded that one can prepare financial statements directly from post closing statements directly.

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Explanation:

For computing the ending retained earnings balance, we have to use the formula which is shown below:

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3 years ago
What are examples of explicit cost?A. the amount of money the owner could have made by investing in an alternative activity B. t
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B. the cost of the business owner’s time and labor paying for gas for a company vehicle

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3 years ago
an organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive
Likurg_2 [28]

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3 years ago
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Tcecarenko [31]

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