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Author Question: Which of the following steps comes first? A) Prepare the financial statements B) Prepare ... (Read 125 times)

javeds

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on: Jul 5, 2018
Which of the following steps comes first?
 
  A) Prepare the financial statements
  B) Prepare adjusting journal entries
  C) Post the journal entries to the general ledger
  D) Close the temporary accounts

Question 2

An income statement is an itemized statement for the purpose of providing information regarding the results of operations during a specified period of time.
 a. True
   b. False
   Indicate whether the statement is true or false


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bd5255

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

True


javeds

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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