The Adjustments Entered in the Adjustments Columns of a Worksheet

question 39

Multiple Choice

The adjustments entered in the adjustments columns of a worksheet are

• A)not journalized.
• B)posted to the ledger but not journalized.
• C)not journalized until after the financial statements are prepared.
• D)journalized before the worksheet is completed.

---

Definitions:

Consent Order

A legal agreement approved by a court, usually resolving a dispute between parties without admission of guilt or liability.

Cease-And-Desist Order

A legal order issued by a governmental agency or court to halt a particular activity or practice deemed illegal or harmful.

Deceptive Omissions

Misleading practices involving the withholding of important information or details that could influence a consumer's purchasing decision.

Puffing Statements

Exaggerated or hyperbolic claims about a product or service, considered opinion rather than fact, and not legally binding.