Which of the following statement(s) is (are)correctabout the closing process?

Group of answer choices Below:

Closing entries are journalized and posted after preparing the financial statements.

Temporary accounts are not included in the post-closing trial balance. Explanation: Temporary accounts - revenues, expenses, Income Summary, and Dividends - have to be closed at the year end and the account balances must be zero.

A current ratio that has increased from the prior period indicates an improvement in the company's ability to pay its current debts.

The process by which companies produce their financial statements for a specific period is called the closing process.