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The purpose of the post-closing trial balance is to prove the equality of the permanent account balances that are carried forward into the next accounting

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The purpose of the post-closing trial balance is to prove the equality of the permanent account balances that are carried forward into the next accounting period. O prove that no mistakes were made. O prove the equality of the temporary account balances that are carried forward into the next accounting period. list all the statement of financial position accounts in alphabetical order for easy reference. The statement of financial position and statement of changes in equity are related because the total assets on the statement of financial position is reported on the statement of changes in equity. the ending amount on each statement is transferred to the statement of cash flows. O the ending amount on the statement of changes in equity is report on the statement of financial position. O both contain information for the corporation

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