The Primary Source Used in the Preparation of the Financial

question 194

Multiple Choice

The primary source used in the preparation of the financial statements is the:

• A)trial balance.
• B)post-closing trial balance.
• C)general trial balance.
• D)adjusted trial balance.

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Definitions:

Irony

A literary device or situation in which there is a significant difference between what is expected or understood and what actually happens or is meant.

Radio Broadcasting

The transmission of audio programming through radio waves to reach a wide audience.

Sit-Down Strike

Tactic adopted by labor unions in the mid- and late 1930s, whereby striking workers refused to leave factories, making production impossible; proved highly effective in the organizing drive of the Congress of Industrial Organizations.

U.S. Steel

An integrated steel producer with major production operations in the United States, founded in 1901 by J.P. Morgan, Andrew Carnegie, and others, playing a significant role in the nation's industrial growth.