1)Which financial statement is prepared last?

Select one:

A.statement of retained earnings

B.balance sheet

C.income statement

D.The financial statements can be prepared in any order.

2)In an accounting cycle, which of the following steps takes place only at the end of the accounting period?

Select one:

A.analyze transactions as they occur

B.journalize transactions that occur

C.start with the beginning account balances

D.journalize adjusting entries

3)Which of the following are temporary accounts that are closed at the end of the year?

Select one:

A.revenues, expenses, and stockholders' equity

B.assets, liabilities, and stockholders' equity

C.revenues, expenses, and dividends

D.assets, liabilities, and dividends