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Which of the following statements concerning the post-closing trial balance is true? A. All accounts listed in the post-closing trial balance have debit balances B.
Which of the following statements concerning the post-closing trial balance is true?
A. All accounts listed in the post-closing trial balance have debit balances
B. Revenue accounts are included in the post-closing trial balance, but expense accounts are excluded
C. The post-closing trial balance reports only balance sheet accounts
D. The post-closing trial balance is normally prepared before the adjusting entries are recorded
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