Stuck on a few questions from my Accounting class. If anyone can help; I would be really grateful!

32. Of the following accounts, which might appear in the adjusted trial balance, but not in the post-closing trial balance?
A. income summary
B. owner's capital
C. accounts payable
D. depreciation expense

(I think it's B)

31. Comparative reports in which each item is expressed as a percentage of a base amount without dollar amounts are called __________.
A. comparative financial statements
B. common-size statements
C. cash flow analysis
D. horizontal analysis
(I think it's C)

28. Scott Company had a current ratio of 2.76:1 in Year 1 and 2.57:1 in Year 2. This change in current ratio indicates __________.
A. the company's debt paying ability has improved
B. the company's debt paying ability has weakened
C. the company's customers are paying their accounts sooner
D. the company is able to sell its inventory faster
(not sure)

27. Liquidity ratios measure __________.
A. how effectively a company is using its equity
B. how effectively a company is using its liabilities
C. a company's ability to pay shareholders
D. a company's ability to pay off short-term debts
(my guess D)

26. For vertical analysis purposes, a base item on a balance sheet is __________.
A. total assets
B. total equity
C. total liabilities
D. net equity

25. How do you close the expense accounts?
A. debit Capital; credit the expense accounts
B. credit Capital; debit the expense accounts
C. credit Income Summary; debit the expense accounts
D. debit Income Summary; credit the expense accounts
( my answer C)

23. The correct order for closing accounts is __________.
A. revenue, expenses, income summary, withdrawals
B. revenue, income summary, expenses, withdrawals
C. revenue, expenses, capital, withdrawals
D. revenue, capital, expenses, withdrawals
(my answer B)

22. Debt management ratios measure __________.
A. how effectively a company is using its cash
B. how well a company is using debt versus equity position
C. a company's ability to earn profit
D. a company's ability to meet payable obligations
(my answer A)

32. To determine which accounts might appear in the adjusted trial balance but not in the post-closing trial balance, we need to understand the purpose of each trial balance. The adjusted trial balance is prepared after all adjusting entries have been made and it includes all accounts, both permanent and temporary. The post-closing trial balance, on the other hand, is prepared after closing entries have been made and it only includes permanent accounts.

Based on this information, the answer to question 32 is A. income summary. The income summary account is a temporary account used during the closing process to transfer the balances of revenue and expense accounts to the owner's capital account. Since it is a temporary account, it will not appear in the post-closing trial balance.

31. To identify the correct answer for this question, we need to understand the different types of comparative reports. Comparative financial statements compare financial data from one period to another, commonly expressed in both dollar amounts and percentage changes. Common-size statements, however, express each item as a percentage of a base amount without dollar amounts.

Based on this information, the answer to question 31 is B. common-size statements. This type of report allows for easier comparison and analysis of financial information by focusing on the relative proportions of different items rather than the actual dollar amounts.

28. The change in the current ratio can provide insights into a company's liquidity or ability to meet its short-term obligations. A higher current ratio indicates a stronger ability to pay off current liabilities, while a lower current ratio suggests a weaker ability.

Based on the given information, the answer to question 28 is B. the company's debt paying ability has weakened. The decrease in the current ratio from Year 1 to Year 2 suggests a decrease in the company's ability to cover its short-term liabilities with its current assets.

27. Liquidity ratios are used to assess a company's ability to meet its short-term obligations. They measure the company's ability to convert its current assets into cash to pay off its current liabilities.

Based on this information, the answer to question 27 is D. a company's ability to pay off short-term debts. This is the primary focus of liquidity ratios.

26. Vertical analysis refers to the process of comparing individual items to a base figure on a financial statement, usually expressed as a percentage. The base item is typically chosen as a reference point for comparison.

Based on this information, the answer to question 26 is A. total assets. In vertical analysis of a balance sheet, the base item is usually total assets, and all other items are expressed as a percentage of total assets.

25. To close expense accounts, we need to understand the purpose of closing entries. Closing entries are made at the end of an accounting period to transfer the balances of temporary accounts (such as revenue and expense accounts) to the owner's capital account.

Based on this information, the answer to question 25 is D. debit Income Summary; credit the expense accounts. When closing the expense accounts, we debit the Income Summary account (to transfer the expenses) and credit the expense accounts (to bring their balances to zero).

23. The correct order for closing accounts can be determined by understanding the purpose of closing entries. Closing entries are made to transfer the balances of temporary accounts (such as revenue, expense, and income summary accounts) to the proper permanent accounts (such as owner's capital or retained earnings).

Based on this information, the answer to question 23 is B. revenue, income summary, expenses, withdrawals. This order ensures that revenues and expenses are properly closed to the income summary account and then the balance of the income summary account is transferred to the owner's capital account.

22. Debt management ratios are used to assess a company's ability to meet its payable obligations, commonly referred to as its debt-paying ability.

Based on this information, the answer to question 22 is D. a company's ability to meet payable obligations. This is the primary focus of debt management ratios.