Which Statement Is Correct Concerning the Adjusted Trial Balance

question 152

Multiple Choice

Which statement is correct concerning the adjusted trial balance?

• A) An adjusted trail balance eliminates the need for the preparation of financial statements.
• B) The purpose of an adjusted trial balance is to prove the equality of the total debit balances and the total credit balances in the ledger.
• C) An adjusted trial balance will contain only permanent-balance sheet-accounts.
• D) The adjusted trial balance is prepared after the adjusting entries have been journalized but before they have been posted.

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Definitions:

Autonomic Arousal

The automatic activation of the nervous system that regulates bodily functions and responses to stimuli, affecting physical states associated with emotions and stress.

Schachter And Singer Theory

A psychological theory stating that emotions are determined by physiological arousal and the cognitive labeling of that arousal based on environmental cues.

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the experience of emotion; we feel sad because we cry, angry because we strike, afraid because we tremble.

Basic Emotions

Fundamental emotions that are universally recognised and experienced by all humans regardless of culture, including happiness, sadness, fear, disgust, anger, and surprise.