menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 11
  4. Exam
    Exam 3: Accrual Accounting Income
  5. Question
    When Preparing the Balance Sheet,the Final Balancing Element of the Balance
Solved

When Preparing the Balance Sheet,the Final Balancing Element of the Balance

Question 122

Question 122

Multiple Choice

When preparing the balance sheet,the final balancing element of the balance sheet is:


A) Cash.
B) Net income.
C) Retained earnings.
D) Dividends.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q117: The revenue principle deals with the following:<br>A)when

Q118: Liquidity measures how quickly an item can

Q119: An accrual adjustment is made for payment

Q120: Which of the following combinations of ratios

Q121: To help keep debt ratios within normal

Q123: A CPA prepares tax returns for clients

Q124: In lieu of using the Trial Balance

Q125: A classified balance sheet separates current assets

Q126: Describe the process of closing the books

Q127: A journal entry contains a debit to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines