---------------- establishes the relationship of different individual items which same common items a) Common size statements b) Comparative statements c) Trend analysis d) Comparative Income Statement

---------------- establishes the relationship of different individual items which same common items a) Common size statements
b) Comparative statements
c) Trend analysis
d) Comparative Income Statement
by

1 Answer

Answer :

a) Common size statements
by

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The balances that appear on the post-closing trial balance will match the a. income statement account balances after adjustments. b. balance sheet account balances after closing entries. c. income statement account balances after closing entries. d. balance sheet account balances after adjustments.

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The purpose of the post-closing trial balance is to a. prove that no mistakes were made. b. prove the equality of the balance sheet account balances that are carried forward into the next accounting period. c. prove the equality of the income statement account balances that are carried forward into the next accounting period. d. list all the balance sheet accounts in alphabetical order for easy reference.

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Last Answer : b. prove the equality of the balance sheet account balances that are carried forward into the next accounting period.