What Is the Purpose of the Adjusted Trial Balance

question 194

Multiple Choice

What is the purpose of the adjusted trial balance?

• A) to verify that all of the adjusting entries have been posted
• B) to verify that the net income (loss) is correctly reported
• C) to verify that no adjusting journal entry has been omitted
• D) to verify that the debits and credits balance

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Definitions:

Poisson Distribution

A distribution for predicting the probability of a given number of events occurring over a fixed interval of time or space.

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent values under a given set of parameters or assumptions.

Random Variable

A factor that acquires numerical values due to chance occurrences.