Select the Correct Statement from the Following

question 48

Multiple Choice

Select the correct statement from the following:

• A)If the trial balance debits equal the trial balance credits, adjusting entries are not necessary.
• B)Adjusting entries are made after the adjusted trial balance report is printed.
• C)Accounts payable information in detail can be found in both the general ledger and the accounts payable subsidiary ledger.
• D)Financial statements must be prepared before the closing entries are journalized.

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Definitions:

Absolute Risk

The probability of a specific event occurring in a specific period among a certain group of people.

Risk Difference

The difference in the probability of an event occurring between two comparison groups in epidemiological studies.

Incidence

The number of new cases of a disease occurring in a specific population over a certain period of time.

Odds Of Exposure

The likelihood that individuals will come into contact with a specific risk factor or condition.