Can Financial Statements Be Prepared Directly from the Adjusted Trial

question 43

Multiple Choice

Can financial statements be prepared directly from the adjusted trial balance?

• A) They cannot. The general ledger must be used.
• B) Yes adjusting entries have been recorded in the general journal and posted to the ledger accounts.
• C) No the adjusted trial balance merely proves the equality of the total debit and total credit balances in the ledger after adjustments are posted. It has no other purpose.
• D) They can because that is the only reason that an adjusted trial balance is prepared.

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Definitions:

Target Tissues

Specific tissues or cells in the body that are affected by hormones, drugs, or other active substances.

Hormone Secretion

The process by which hormones are released by glands and then enter the bloodstream to reach target organs.

Endocrine Secretions

Hormonal substances produced by glands of the endocrine system, released directly into the bloodstream.

Muscle Mass

The total weight of muscle in the body, which includes skeletal, smooth, and cardiac muscles.