1.In a post-closing trial balance:

a. debits should equal credits

b. no balance remain in the DIvidends, Revenue, ans Expenses accounts

c. Retained earnings includes net income

d. All of the above

E. None of the above

2.The accountant's worksheet:

a. serves as the basis for completing the adjusting process

b. lays the groundwork for formal financing statement preparation

c. assists in closing at the end of the accounting period

d. All of the above

e. none of these

3.One of the the purposes of the statement of cash flows is to

a. predict the ability of a company to pay debts and dividends

b. to calculate inventory turnover

c. determine the operating income of a business

d. evaluate the level of debt and leverage of a company