Use the Table Below to Answer the Following Question

question 127

Multiple Choice

Use the table below to answer the following question.
Table 1A.3.1

-Refer to Table 1A.3.1.Assuming y is plotted on the vertical axis,the slope of the line is

• A)constant at -2.
• B)-2 when x is between 1 and 3.
• C)-2 when x is between 1 and 3,and then +2 when x is between 4 and 5.
• D)-2 when x is between 4 and 5.
• E)constant at +2.

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Definitions:

Adjustments

Modifications made to financial records or statements to correct errors, account for accruals, or align with accounting principles.

Adjusting Entries

Entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Post-Closing Trial Balance

A listing of all company accounts that remain after closing entries are made, used to check the accuracy of closing procedures and the balance of permanent accounts.

Adjusted Trial Balance

The Adjusted Trial Balance is a list of all accounts and their balances after adjustments have been made for entries like accruals and deferrals, ensuring the accuracy of financial statements.